South Africa Faces Limited Alternatives to Avoid VAT Increase, Says President Ramaphosa

• South African President Cyril Ramaphosa mentioned the National Treasury is exploring options to avoid raising VAT.
• The likelihood of avoiding a VAT increase is low.
• The Democratic Alliance, part of a coalition with the ANC, did not support a budget law related to VAT increase.
• The ANC passed the proposal with support from parties outside the government of national unity.

Source: news.bloombergtax.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.