Considering the rising cost of living in South Africa throughout 2023, some political parties have called to expand the zero-VAT-rated basket of food items in the country, but Minister of Finance Enoch Godongwana said this would do little to help those who need it.
In a recent parliamentary Q&A, Godongwana was asked whether he would consider expanding the zero-VAT-rated food basket in South Africa as a direct intervention to fight the cost-of-living crisis that is notable by the upward-spiralling high food prices that are squeezing the average South African household.
Source: businesstech.co.za
Latest Posts in "South Africa"
- South Africa Raises VAT Registration Thresholds in 2026/2027 Budget Proposals
- South Africa’s Transition to E-Invoicing and Digital VAT Reporting: Plans, Timeline, and Objectives
- SCA Clarifies “Enterprise” Scope Under VAT Act: SARS v Woolworths Holdings Ltd Explained
- South Africa to Launch Real-Time VAT Compliance with E-Invoicing by 2028, Says SARS
- South Africa to Mandate E-Invoicing and Real-Time VAT Reporting by 2028
