VATupdate

Share this post on

ActionSA Refuses to Join GNU Until Proposed VAT Increase is Removed

  • ActionSA will not join the government of national unity until the VAT hike is removed.
  • The party demands the removal of a proposed 0.5 percentage point VAT increase for two years.
  • ActionSA supported the ANC’s fiscal framework on the condition that spending cuts are considered to avoid the VAT increase.
  • ANC leaders are considering negotiating with ActionSA to join the GNU.
  • ActionSA insists on resolving the VAT increase and income tax bracket issues before joining.
  • The party is focused on removing VAT increases and has proposed revenue alternatives.
  • There is speculation that ActionSA was misled into supporting the ANC’s VAT budget.
  • Herman Mashaba stated that if the budget is not amended, ActionSA will withdraw support in future votes.

Source: timeslive.co.za

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.

Sponsors:

Pincvision
VATIT Compliance
VAT news

Advertisements:

  • Pincvision