VAT Rate to Remain at 15% After Political Battle and Legal Challenge

• The VAT rate will remain at 15 percent, ending a political battle over a proposed increase.
• Finance Minister Enoch Godongwana will introduce legislation to reverse the planned VAT hikes.
• The Rates Bill will propose maintaining the VAT rate at 15 percent from 1 May 2025.
• The announcement followed a statement from the Democratic Alliance about a legal challenge settlement proposal.

Source: mg.co.za

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