News & Current Affairs

South African Court Blocks Proposed VAT Hike

1A South African court has ruled to suspend the proposed hike in the country’s value-added tax (VAT) rate, halting a planned 0.5% increase set to take effect on May 1. The decision resolves a dispute within the country’s coalition government, with the Democratic Alliance party arguing that the VAT increase was unlawfully supported without proper […]source

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