Vat

South Africans can breathe a sigh of relief after National Treasury decided against increasing value added tax, pay-as-you-earn or other personal income taxes. Economists had anticipated either an increase in either of the taxes to make…

In a victory for the plight of poor and mostly rural young women‚ government has resolved to abolish the payment of Value-Added Tax (VAT) on sanitary pads. Consumers will also no longer pay VAT on white bread flour and cake flour with…

The food basket has shrunk‚ with households changing their grocery shopping patterns in order to accommodate tough economic times. Just when South Africans thought things could not get worse‚ they did. After the much-contested VAT…