Posts Tagged: VAT

Budget Summary 2020

National Budget Speech Summary 2020

Finance Minister Tito Mboweni stepped up to the lectern with his Aloe Ferox plant in hand today, to deliver to the nation the annual Budget Speech, setting out the government’s plan for its finances for the year ahead. “The Aloe Ferox survives and thrives when times are tough. It actually prefers less water. It wins… Read more »

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National Budget Speech Summary 2019

This week the Minister of Finance delivered the annual Budget speech for South Africa’s year ahead.  In his speech, the Minister, Tito Mboweni placed emphasis on ridding the government of rot in order for new growth to take place – a clear indication that the ruling party are trying their best to clean up the… Read more »

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VAT

VAT & Property

Recently, after much speculation, then Finance Minister Malusi Gigaba (now replaced by Nhlanhla Nene) announced a raise of the percentage of Value Added Tax (VAT) from 14% to 15%, effective from the 1st of April 2018. While many wonder whether this is the way forward, it should be noted that VAT hasn’t had an increase… Read more »

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