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Friday, 25 April 2025 09:42

Proposed VAT Increase Reversed

With the DA and EFF taking the controversial issue to the Western Cape High Court, the planned 0.5% VAT rate increase will no longer take place on 1 May 2025.

The National Treasury said, “The decision to forgo the increase follows extensive consultations with political parties, and careful consideration of the recommendations of the parliamentary committees.”

Darul Ihsan Media Desk

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