Vat increase effective from May 1 because minister made the announcement
13 March 2025 - 11:22
The 0.5 percentage point VAT increase that the Treasury has decided will be imposed from May 1 will take effect regardless of whether parliament decides to change the budget to exclude any VAT increases.
The budget tabled in parliament by finance minister Enoch Godongwana on Wednesday also proposed an additional 0.5 percentage point VAT increase from April 1 2026. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.