Anyone hoping for a VAT reduction in the near future – all of us, really – will be left disappointed following Tuesday’s decision.
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Parliament confirms that there will be no VAT reduction for three years
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Female student arrested with R10m at OR Tambo International Airport
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A South African female student has been arrested with almost R10 million in cash at the OR Tambo International Airport. The South African Revenue Services (Sars)’s Customs made the bust when she was about to board a Hong Kong flight on Tuesday night. The woman was intercepted by officials when the flight was about to..
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Treasury News:- Sars shortfall to blame for VAT hike, so we are paying for their incompetency!
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Treasury would not have needed to increase value added tax (VAT) by one percentage point to 15% in April if not for the revenue shortfall at the South African Revenue Services (SARS), deputy director general at national treasury Ismail Momoniat told the Nugent commission of inquiry on Wednesday.
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