VAT increase on the cards

[Daily Investor]

VAT increase on the cards

South Africa’s National Treasury may have to hike value-added tax on some goods and services to bring in new revenues.

 

[gogga_]

RAS

 

[Neptuner]

Middle-class right now:

 

[rvZA]

Fair. Let everyone - poor and rich - contribute together.

 

[Priapus]

“That leaves VAT,” he said, but the question is, “Are they brave enough to go and raise the VAT rate” in an election year?

I have my doubts.

 

[Neuk_]

 

[W@P]

Fair. Let everyone - poor and rich - contribute together.

In my mind that is the only way that everyone contributes their bit. Not this kak of taxing the rich more etc.

 

[Former member 61586]

NO! Solution is NOT increased taxes. Its to stop fcking stealing you naaiers.

 

[Solver]

If that's the next 5h1t for brains idea then please do so before elections

 

[neoprema]

Raising VAT due to unforeseen events is a good way to get more income.

Raising VAT because you’ve stolen all the money - not so good way.

 

[Koos Custodiet]

Raising VAT is better than "taxing the rich" because we've pretty much run out of rich.

Won't happen before elections though.

 

[Quicks]

Raising VAT is better than "taxing the rich" because we've pretty much run out of rich.

Won't happen before elections though.

Tax the Rich mostly huge businesses that voted for BEE, and ANC cadre's stealing the country rotten. So yes go Tax them.

 

[karnuffel]

I dont think we will see anything significant this year, they will just fck us twice as hard next year.

 

[dualmeister]

Stop stealing = no need for VAT increase.

 

[akescpt]

Stop stealing = no need for VAT increase.

such negativity..VAT increase it is...

 

[DapperDanMan]

Going from 15% to 16% would be a mistake.

In a country of 30-Percenters, aka Maths Savants, you should keep things simple.

Nice round numbers.

20% it is then!

 

[dualmeister]

Nah 25% so we can get bullet trains.

 

[UB40]

About bloody time, 20% minimum, I would like 25% to be on par with other first world countries. It is time the taxi drivers start feeling the pain as much as we do

 

[Quicks]

About bloody time, 20% minimum, I would like 25% to be on par with other first world countries. It is time the taxi drivers start feeling the pain as much as we do

They will probably get special treatment somehow. Vat break on petrol because they serve the community some or other BS.

 

[Rickster]

Jesus, take the wheel!