Slow VAT collections set to improve

2018-06-10 11:40

Acting Sars commissioner Mark Kingon says the level of VAT collections is set to improve as the 2018/19 tax year proceeds because the hike in the rate of VAT has not yet reflected.

Treasury's VAT panel gets better chance to affect budget

2018-05-29 20:14

National Treasury has revised the terms of reference for its expert panel which is reviewing the list of zero-rated items to soften the effect of the VAT hike on poor and low-income households.

Treasury vows to protect poorest from VAT rate hike, cites zero-rated items

2018-05-22 12:24

Minister of Finance Nhlanhla Nene says National Treasury will protect South Africa’s poorest citizens from the impact of the increase in the value added tax rate to 15%.

Gupta-linked R100m VAT scandal: We need answers from Nene - DA

2018-04-29 17:20

The DA is seeking to test the legal extent of the Tax Act dealing with disclosure limitations following a report that the Guptas have been implicated in a R100m VAT scam.

Yunus Carrim calls on Treasury to 'come to the party' on VAT

2018-04-26 06:03

Treasury’s efforts to lessen the impact of the VAT hike on vulnerable households has come under fire, with civil society groups challenging the terms of reference for its newly-appointed panel.

Panel of experts to review list of zero-rated VAT items

2018-04-25 11:44

The finance minister has appointed an independent panel of experts to review the list of VAT zero-rated items and related matters by June 30.

Saftu takes to the streets to protest VAT hike, minimum wage

2018-04-12 12:28

Trade federation Saftu is marching to Parliament to raise awareness of the plight of the poor, highlighting issues such as the VAT hike, labour law amendments and the minimum wage.

Pre-VAT frenzy likely push behind 100 million transactions record

2018-04-11 22:01

The improvement in the number of transactions in March to a new record could be due to consumers making purchases ahead of the VAT increase, says an economist.

Car buyers dive in to dodge tax hikes

2018-04-04 10:37

There has been pre-emptive buying by consumers during March to avoid tax increases, says the National Association of Automotive Manufacturers of SA.

WATCH: 3 things hitting your pockets in April

2018-04-01 15:03

Consumers are already battling to keep their heads above water and will have to face a triple threat to their pockets as of April 2018.

 

Slow start to SARS tax collections

2018-06-03 06:07

The SA Revenue Service started the first month of the 2019 tax year on a pedestrian note.

INFOGRAPHIC: Twelve products costing you over 6% more than a year ago

2018-05-24 11:16

Statistics South Africa has released the April Consumer Price Inflation index, showing that costs increased 4.5% year-on-year. Here's what you’re paying more – and less – for.

Petrol, toll fees to add to consumer debt burden

2018-04-30 05:45

The spike in petrol and toll feels in May will weigh heavily on indebted consumers, says an expert.

SARS criminal unit looks to stem rising tax fraud

2018-04-29 06:00

The SA Revenue Service wants to increase the number of fraud cases it finalises and hands over to the National Prosecuting Authority for criminal prosecution, to stem the rising tide of noncompliance.

SARS paid R89m VAT refund meant for Guptas to third party - report

2018-04-25 18:09

This is the second time this year that the South African Revenue Service has allegedly made a VAT repayment to a Gupta-linked company via a third party, according to a report.

REVEALED: SA’s cheapest retailer for VAT-exempt items

2018-04-17 06:45

Fin24 went shopping at South Africa's leading retailers to see who has the lowest prices on products exempt from the VAT hike.

The VAT increase and your pension savings

2018-04-12 06:15

Consumers who reduce their savings by as little as R100 per month due to the impact of the 1 percentage point VAT increase, are effectively robbing themselves, says an expert.

SA could halve number of poor by 2030 - World Bank

2018-04-10 16:25

South Africa could more than halve its number of poor people to 4 million by 2030 if it addresses corruption, gets free higher education right and reduces policy uncertainty in its mining industry, the World Bank says.

VAT-free wish list: eggs and sugar tax in spotlight

2018-04-03 21:00

In an informal survey by Fin24, more consumers share issues they want to raise about the VAT increase and the current 19 VAT-free items.

SARS accuses Guptas of lying

2018-04-01 08:31

The SA Revenue Service wrongly paid a R70m VAT refund to a third party after Gupta-owned Oakbay falsely said it had no bank accounts left in SA.

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