In response to increasing and persistent spending demands in key sectors such as health, education, transport, and security, the South African government has announced a phased increase in the value-added tax (VAT) rate. Minister of Finance Enoch Godongwana confirmed on Wednesday that VAT will rise by 0.5 percentage points in each of the next two years, bringing the rate to 16% in the 2026/27 financial year.
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