Vat Rate In South Africa 2025. Portugal Vat Rate 2024 Iris Melissa The new rate will rise from the current 15.0% to 15.5% on 1 May 2025 and then to 16.0% on 1 April 2026. South Africa's Finance Minister, Enoch Godongwana, has announced a phased increase in the value-added tax (VAT) during his 2025 Budget Speech on March 12, 2025
Inflation rises for a second consecutive month as food prices bite Statistics South Africa from www.statssa.gov.za
The Budget provides that the VAT rate would be increased by 0.5 percentage points, to 15.5 percent, from May 1, 2025, and by a. The South African Government has announced plans to raise the value-added tax rate, in the nation's newly released Budget
Inflation rises for a second consecutive month as food prices bite Statistics South Africa
The new rate will rise from the current 15.0% to 15.5% on 1 May 2025 and then to 16.0% on 1 April 2026. the government proposes to increase the VAT rate by half- apercentage point in 2025/26, and by another half-a. The National Treasury proposes to increase the Value-Added Tax (VAT) rate by 0.5 percentage points twice over the next two financial years
South Africa economic outlook Deloitte Insights. The new rate will rise from the current 15.0% to 15.5% on 1 May 2025 and then to 16.0% on 1 April 2026. The National Treasury proposes to increase the Value-Added Tax (VAT) rate by 0.5 percentage points twice over the next two financial years
Vat Threshold 2024 Zimbabwe Penelopa. However, as per the South African VAT Act, the rate increase becomes effective on the date announced in the national annual budget and lasts for 12 months, provided Parliament passes legislation to confirm it. The first 0.5 percentage point increase in the VAT rate will take effect on 1 May 2025 and the second 0.5 percentage point increase will take effect on 1 April 2026.