Expect a 2% VAT increase

[RaptorSA]

Jesus Christ. 12 pages already.
Missed this one.... too busy upskilling so I can take care of the blacks while skimming a tiny sliver for myself.

" from 15% to 17% from 1 April 2025"

Do that, do whatever the f**k you want 'cause you're going to anyway, also then, I'm out, I'm done here.... whatever it takes.

 

[RedViking]

They'll threaten 2% and people will gnash their teeth, they'll settle on 1% and people will heave a sigh of relief.

Problem is that 1% is not enough to cover what they have stolen and still need to steal. Where is that other "percentage" going to come from. They know it won't come from the economy; they are too lazy and corrupt for that, and there are not enough people to tax. R22.3 billion wil have to come from somewhere and they are too hungry to let it slide.

Sickening.

 

[hj007]

Then we are in a state like America has been multiple times where we may not have a budget to spend.

The budget is only passed in a vote and not in the speech. What likely happened is they were deliberating up till now with no result.

Interesting, think a lot of us are learning what happens now - I guess that's one way for the DA to force through expenditure cuts... although remind me to go to my bunker when we stop paying public servants..

 

[hj007]

If the ANC stopped waste and corruption they could give us a 10% tax cut.

I feel like the VAT is just an excuse for something bigger brewing. Perhaps folks are willing to finally back a tax revolt until we see an improvement in wasteful expenditure...

 

[Petec]

Well, if they had any brains, they would make vat 50%
They'll make back all their stolen monies in like, a couple of months.

 

[RaptorSA]

It's kind of nice being a semi-arm d**s on the flee.
Can carry some Kruger Rands and Disprins in the same badkamer-sakkie, thanks Tjaaina.

 

[FiestaST]

Jesus Christ. 12 pages already.
Missed this one.

" from 15% to 17% from 1 April 2025"

I'm out, I'm done here.
No idea what to do next but this is it for me.

Fubar your end?

 

[HartsockZA]

Jesus Christ. 12 pages already.
Missed this one.

" from 15% to 17% from 1 April 2025"

I'm out, I'm done here.
No idea what to do next but this is it for me.

We can hold hands and take a piss in the gardens of the union buildings or worse on the steps

 

[Swa]

VAT is just taxing people a second time for spending money that was already taxed when they earned it. You should be taxing people for hoarding money in assets instead.

VAT is one of the most difficult to administer and the most arduous taxes on businesses from an admin perspective. South African businesses spend billions each year calculating and filing their VAT returns. VAT should be eliminated entirely.

It is much better to tax wealth that is not active in the economy. Like properties after the second one owned by the same person or entity.

VAT is one of the fairest and simplest to implement. Everyone pays and you can still shield the poor by zero rating basic foodstuffs without excluding anyone from the benefit. PAYE is a nightmare that increases as you earn more and also has many other variables and benefits to include. A few of the wealthier countries tried a wealth tax and it failed with the result being endless court cases as well as making everyone poorer.

 

[Swa]

Like they say in Afrikaans, hier kom k@k.... The country is going to push back.....

Or this is a ploy to not change anything and then claim the GNU is working and it's all the ANC's idea. We are already past the right side of the Laffer curve where they can't increase tax by increasing rates and I'm sure they know it.

 

[Easter Bunny]

instead of adding 2% to vat, they should add 10% to alcohol, cigarettes, and vapes. that should generate the income they need for whatever they want to waste it on.

 

[3WA]

instead of adding 2% to vat, they should add 10% to alcohol, cigarettes, and vapes. that should generate the income they need for whatever they want to waste it on.

Come on, living in this country is only possible if you have a nice buzz going.

 

[dualmeister]

instead of adding 2% to vat, they should add 10% to alcohol, cigarettes, and vapes. that should generate the income they need for whatever they want to waste it on.

So your idea is to punish the South African wine Industry. Most wine farms just about break even as it is. Gud idea.

 

[wizardofid]

lol people bitching about 2%, still below first world averages and inline with 3rd world averages. Yes we will be paying more and it sucks, but considering how long we waited before we increased VAT initially and dwindling pool of tax payers, it was inevitable...........

VAT Tax by Country 2026

Data on the Value-Added Tax (VAT) in various countries, including countries with the highest VAT taxes.

worldpopulationreview.com

 

[Jam Sandwich]

We need a KFC tax to get us through these tough times...

 

[aleksandar]

I'm guessing they will now increase vat by 1% and increase income tax.
Like saviour, look we spared you a little bit and we are taxing rich.

 

[Bliksis]

instead of adding 2% to vat, they should add 10% to alcohol, cigarettes, and vapes. that should generate the income they need for whatever they want to waste it on.

No need to add to that either.

 

[Bad Ballie]

Have it on very good authority that we will see a VAT increase of 2% to 17% from 1 April 2025 (bad date for them to choose I agree)

Plenty of ways to stick it to the government, their 2% gain can quickly be recouped by the man on the ground through other means. Tired of being run by a bunch of,... thieving 'Varkers'

 

[Bliksis]

Plenty of ways to stick it to the government, their 2% gain can quickly be recouped by the man on the ground through other means. Tired of being run by a bunch of,... thieving 'Varkers'

How?

 

[AlmightyBender]

Looks like you were referring to yourself. You owe OP an apology.

Yes. That is fair. @dontcryforme sorry, I jumped the shark