- South African Government approved a VAT rate increase to 15.5% effective 1 May 2025
- An additional increase to 16% will be effective 1 April 2026
- Businesses need to prepare for compliance with new VAT rates
- The budget including the VAT increase was approved on 2 April 2025
- Companies should ensure readiness for the changes
Source: globaltaxnews.ey.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
