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Will Gigaba be brave enough to increase VAT, asks expert

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Cape Town - Raising value-added tax (VAT) by about 1% will give the government an additional income of about R20bn, Charles de Wet, head of indirect tax at PwC Africa, told Fin24 on Thursday.

He explained that the country's VAT of 14% is regarded as low.

De Wet said across the world there is a move to make indirect taxes a larger part of the total revenue collected by tax authorities.

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