Parties reject VAT hike as Treasury seeks solutions

Mashudu Sadike

The ANC appears to be cutting a lone figure when it comes to increasing Value-Added Tax (VAT) ahead of the Budget Speech today after its Government of National Unity partners seemed to display a united front against the tax hike Godongwana is expected to announce a highly anticipated Budget Speech today, amid speculation that he may increase VAT or cut government spending. The move has been met with resistance from political parties, which have urged him to consider alternative measures. He has been under fire this week after he reportedly said that he won’t raise VAT if he can cut the Covid-19 Social Relief of Distress grants. The speech was delayed last month due to disagreements over the proposed VAT hike. A proposal to increase VAT by 2% (from 15%…

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Daily News (Digital) - 1 Issue, 2025-03-12

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