Government has officially withdrawn the R20 billion tax increase for VAT that was previously penciled in for the 2026 Budget.

Government has officially withdrawn the R20 billion tax increase for Value Added Tax (VAT) that was previously penciled in for the 2026 Budget, to provide inflationary relief to taxpayers.

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Lula has asked the Minister of Finance to increase the VAT registration threshold in order to assist SMEs that fear growth.

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The South African Revenue Service (SARS) has issued a notice to large onland diesel users, announcing a significant change to claim amounts.

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