Finance Minister Enoch Godongwana scraps controversial VAT increase
Zuko Komisa Image | GCIS Finance Minister Enoch Godongwana has announced that the proposed increase in Value Added Tax (VAT) will not be implemented. This decision comes after widespread opposition from political parties, civil society, and mounting legal challenges. The proposed 0.5 percentage point VAT increase, which was set to take effect on May 1st, has been a source of intense debate and controversy. The decision to maintain the VAT […]