South Africa has to be a better option for Trump than Greenland is, writes Howard Feldman.
More people are filing VAT refund claims, which reflects that people believe they will get their refunds back.
Opposition parties have raised their objection to the 1% increase in VAT, which they blame the ANC for allowing.
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 increasing the VAT rate earlier in the year, the state is again facing a multi-billion rand revenue shortfall.
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.
Various public organisations have implored Parliament to include poultry products on the zero-vat list.
Chicken should become VAT free as it's a staple food for lower-income households, says trade movement FairPlay.
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 .
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.
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.
The union also slammed 'morally vacuous politicians, their parasitic relatives and obnoxious business people' involved in corruption at state-run asset manager the PIC.
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.
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 will zero-rate white bread flour, cake flour and sanitary pads from April 1 next year.
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.
Deputy President David Mabuza said the stimulus package announced by government was likely to offer a boost to the agriculture sector.
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.
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.
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.
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.
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