Important Update: SA’s Vat rate will be maintained at 15% from 1 May 2025
- sammijo0
- Apr 24, 2025
- 1 min read
Godongwana caves: Vat hike canned
Finance Minister Enoch Godongwana has finally caved to widespread pressure, canning the planned 0.5 percentage point hike in Value-Added Tax (Vat).
National Treasury announced the decision in a statement issued just after midnight, saying the minister “will shortly introduce the Rates and Monetary Amounts and the Amendment of Revenue Laws Bill [Rates Bill], which proposes to maintain the Vat rate at 15% from 1 May 2025, instead of the proposed increase to Vat announced in the Budget in March.
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