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.

‘Cut VAT on bread, pads, nappies'

2018-08-12 06:00

Expert panel calls for zero VAT on several items, but stops short of a massive chicken-tax break to benefit the poor.

Expert panel recommends white bread, school uniforms be zero VAT rated

2018-08-10 15:24

National Treasury has released a VAT report on its website, after Minister of Finance Nhlanhla Nene granted an expert panel a one week extension.

We need more time for our report, VAT review panel tells Nene

2018-08-01 16:21

The panel set up to investigate the impact of the 1 percentage point VAT increase has asked Finance Minister Nhlanhla Nene for a short extension on the deadline to file its report.

 

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.

These are some of the products a panel considered – but rejected – making VAT free, including mango achar and life-saving medicines

2018-08-11 07:26

The final list of recommended zero-rated products is estimated to cost the National Treasury R4 billion in lost revenue.

Better collection means a better outlook for taxes

2018-08-05 09:48

Personal tax revenue growth, which is moving in the right direction, and higher VAT collection could mean lower hikes.

Cabinet to discuss VAT, fuel hike report

2018-07-31 15:03

The economic cluster ministers tasked with considering a package of measures to alleviate VAT and fuel hikes on consumers have submitted their initial report to President Cyril Ramaphosa.

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