MPs blame ANC for 'unforgivable' VAT hike, call for reversal

2018-11-20 16:11

Opposition parties have raised their objection to the 1% increase in VAT, which they blame the ANC for allowing.

Nugent Commission will reveal if SARS misrepresented revenue collection - Treasury

2018-11-02 15:44

The outcomes of the Nugent Commission of inquiry due later this month will reveal if SARS had misrepresented revenue collections in previous years, members of Parliament heard.

Despite VAT hike, state predicts R27.4bn revenue shortfall

2018-10-24 14:07

Despite increasing the VAT rate earlier in the year, the state is again facing a multi-billion rand revenue shortfall.

Consumers take on more debt amid declining household spend

2018-09-25 13:55

Household consumption has slipped in the second quarter of 2018 as people adjusted their spending habits following the value added tax hike and fuel increases, according to the Reserve Bank’s quarterly bulletin.

VAT: Give us the chicken, organisations appeal to Parliament

2018-09-12 14:28

Various public organisations have implored Parliament to include poultry products on the zero-vat list.

FairPlay: Zero rate chicken, not white bread

2018-09-03 22:13

Chicken should become VAT free as it's a staple food for lower-income households, says trade movement FairPlay.

SA Revenue Service shortfall to blame for VAT hike – Treasury

2018-08-29 14:57

The VAT increase could have been avoided if not for the revenue shortfall at SARS, Treasury's deputy director-general Ismail Momoniat has told the Nugent Commission of Inquiry .

These sanitary pads are now preemptively 'VAT-free' at Shoprite

2018-08-23 07:39

A commission has recommend there should be no tax on sanitary pads, but Shoprite is already absorbing the current tax in an offer it says will run indefinitely.

Starved by the price of food

2018-08-19 08:12

An NGO report advocates all VAT charges to be removed, warning that income levels in poor households are too low to afford basic foods, let alone transport and other costs.

Shoprite on a mission to help cash-strapped consumers with thousands of under-R5 buys

2018-08-15 18:08

The Shoprite Group says it is subsidising staple products to help counteract the strain on consumers' pockets.

 

OUTA, ANC Gauteng and civil society groups march to Union Buildings

2018-11-02 16:32

The ANC in Gauteng, the Organisation Undoing Tax Abuse and civil society organisations have marched to the Union Buildings in Pretoria against e-tolls, high data costs and a VAT increase on basic food items.

If more items were zero-rated, more revenue would be lost - Treasury

2018-11-02 11:11

Government must consider targeted expenditure programmes to help alleviate pressures on the poor created by the higher VAT rate, Members of Parliament have heard.

Government to make three items VAT exempt in 2019

2018-10-24 14:07

Government will zero-rate white bread flour, cake flour and sanitary pads from April 1 next year.

7 things Treasury, Parliament must consider as they expand the list of zero-VAT items

2018-09-13 05:45

This year's increase in the VAT rate is the cost poor South Africans are paying for State Capture, Parliament's oversight committee on finance has heard.

Agriculture likely to get assistance from stimulus package - Mabuza

2018-09-06 21:52

Deputy President David Mabuza said the stimulus package announced by government was likely to offer a boost to the agriculture sector.

Zero rated VAT items: how SA is going about expanding the list

2018-09-01 06:00

The review of the list of zero rated VAT items faces a tricky challenge of shielding the poor while ensuring that the relief isn't exploited.

Treasury has hard choices to make, says VAT panel chair

2018-08-27 13:40

The VAT panel has given its input regarding the decision on zero-rated items, and it will be up to National Treasury to make the hard choices, says panel chair Professor Ingrid Woolard.

Why Parliament must vote for VAT-free chicken

2018-08-23 07:30

The report on expanding zero-rated VAT items has missed a key opportunity to reduce the cost of important foodstuffs for lower-income South Africans.

Treasury crunching numbers in case zero VAT list widens revenue gap

2018-08-17 06:45

If there is a revenue gap caused by additional zero-rated VAT items, then Treasury will either have to adjust expenditure, or raise taxes in the mid-term budget, Parliament has heard.

Cosatu: Further VAT exemptions may not benefit the poor

2018-08-14 06:45

Even if government adds to the list of zero-rated VAT items, there is still the challenge of ensuring that benefits of the VAT exemption flow to the poor, Cosatu has said.

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