Supermarkets had long lost customers to traditional bazaars due to higher prices from the VAT. But now, consumers are returning ...
“As part of that, the Government committed to removing the VAT and business rates charitable relief tax breaks for private ...
There is no general legislative right of recovery except where there is a change in the VAT rate, fraud, or misrepresentation by the recipient.
Business and Financial Times on MSN7d
2025 budget lauded for tax reliefs, others
The 2025 budget has been praised for introducing a number of initiatives, including tax relief measures, aimed at easing ...
Parliamentary finance committees met to discuss South Africa's economic policies, with COSATU strongly opposing the proposed ...
Doubting zero-rating’s effectiveness, he cites Deputy Finance Minister David Masondo: “Suppliers did not pass on the benefit of the VAT relief to consumers as was intended.” King warns ...
# “Currently, agricultural products and seeds imported by local farmers are subjected to a 10 percent VAT rate at the border, whereas the final produce sold locally [will soon be] subject to only 5 ...
Beyond VAT, PwC raised concerns about inconsistencies ... the performance of key economic sectors also came under scrutiny. Despite tax reliefs and measures to promote exchange rate stability ...
“As part of that, the Government committed to removing the VAT and business rates charitable relief tax breaks for private schools to help to raise revenue to help deliver on its commitment to ...
A vendor is able to claim VAT relief where a debt relating to a taxable supply in respect of which the vendor has accounted for output tax is treated as “irrecoverable“. The vendor may have accounted ...