Tag: South Africa

VAT audits expand as SARA targets compliance gaps amid fiscal pressure Following a political backlash that threatened the cohesion of South Africa’s ruling coalition, the government has formally abandoned its proposed 1% VAT rate increase. Instead, the South African Revenue Service (SARS) is shifting its

South African Revenue Service issues guidance on implementing 0.5% VAT rise 1 May 2025 As part of the 2025 National Budget, the South African government announced an increase in the VAT rate from 15.0% to 15.5%, effective 1 May 2025. A further increase to 16.0%