Expect a 2% VAT increase

“I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.”​

― Winston S. Churchill

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South Africans are so overtaxed.
Too much government porkers..
Cut spending and bailouts for SOE.
We need Doge - like now.

 
blaaislaai said:
Should this actually go through, officially, is it Now a good time to buy something expensive? Like a new car, or electronics?
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VAT will increase, but maybe just by 1%, but yes, buy before 1 April. Some retailers will actually start increasing their prices today since they know whats coming
 
kolaval said:
At least with VAT more of the populace contributes, no?
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I'm all for replacing:
  • PAYE tax
  • Capital Gains Tax
  • Fuel levy/tax
  • RAF tax
  • Sugar Tax/Health Promotion levy
  • Import Duties Tax
  • Tyre Tax
  • CO2 Tax (on motor vehicle emissions)
  • Plastic bag levy Tax
  • Inheritance tax / Estate duty
  • Transfer Duty Tax
  • Company income tax
  • Dividend Tax
  • Interest taxation
  • Lump-sum pre-retirement tax
  • Lump-sums upon retirement tax
  • Securities Transfer Tax
  • Sin Tax (on Cigs, Drinks)
  • Skills development levy tax
with a 30% VAT applied to all

Unfortunately, they just increasing VAT and keeping all other taxes as well.

I remember when GST/VAT was 4%.
 
Benedict A55h0le not said:
I called it! I always know how the DA protects us!
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notovatincreases.co.za

The DA rejects the ANC’s tax and chaos budget

The DA will not support this budget. The DA made it clear to the ANC in the GNU that we would not support any increase in taxes, unless those increases were temporary, and the ANC agreed to a series of major reforms that would grow the economy, create jobs, reduce waste and bring down taxes...
notovatincreases.co.za
 
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