Expect a 2% VAT increase

dontcryforme said:
The DA did vark us over, yes. I think the VAT increase will be the recommended 0.75% if not 1%.

Think the rest of the items will remain the same.

This is just a personal opinion from whats been floating the news and social media
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Now let's prepare for the boom in dev contracting to retrofit those old systems that expected the VAT percentage to be an integer.
 
Swa said:
Most countries have corruption sure but it doesn't stop them from functioning effectively.

Let's be honest. They keep on increasing taxes yet we continue getting less value. Our budget is like 4x what it was 30 years ago inflation adjusted and things are falling apart. Every increase is gobbled up by some fat cadre without society seeing any of it and our debt burden gets worse.

We already tipped the Laffer curve and there shouldn't be any increases going forward. Indeed we should lower taxes over time and also introduce more tax breaks and incentives starting now.
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100% this

The best type of tax is one that doesn't go directly into the hands of the ANC. Imagine the increase in domestic employment alone if they allow domestic employee wages/salaries as a direct laddered tax write-off? Imagine if they scrap the ridiculous red tape for small companies, including Personal Service Providers? Imagine how they could save South Africa if they didn't see themselves as SA's only saviors for the poor?
 
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