Bad news for VAT increase in South Africa

[BusinessTech]

Bad news for VAT increase in South Africa

The VAT increase to 15.5% will happen even if the 2025 Budget in its current form does not pass through parliament.

 

[dualmeister]

VAT revolt incoming 3 .. 2 .. 1

 

[Irene Cows]

A lot of the VAT increase will probably be absorbed by business. I for example am not going to increase the price of an item I sell for R10.00 to R10.04

 

[ToxicBunny]

A lot of the VAT increase will probably be absorbed by business. I for example am not going to increase the price of an item I sell for R10.00 to R10.04

You would be unusual... Most businesses would make the price 10.50.

 

[Irene Cows]

You would be unusual... Most businesses would make the price 10.50.

I don't like to screw my customers, unlike SARS

 

[Benedict A55h0le not]

I don't like to screw my customers, unlike SARS

SARS don`t have customers, they have socialist cash cows.

 

[trippinBillie]

so why even table it to parliament if what the minister says can just go in?