- South Africa’s ANC plans to withdraw a proposal to raise VAT by 0.5 percent
- Other political parties indicated they would not support the VAT increase
- Discussions with parties in parliament showed lack of support for the plan
- The ANC engaged in extensive talks with various parties to address the issue
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.
