n Tax Breaks Newsletter - VAT at 16%? : tax review committee
|Article Title||VAT at 16%? : tax review committee|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Publication Date||Apr 2014|
|Pages||6 - 8|
An increase in the standard Value-added Tax (VAT) rate of 14% by one or two percentage points could reduce the pressure on the fiscus, and would bring South Africa more in line with a number of tax jurisdictions around the world. However, it will be an extremely unpopular move with unions and other political groups, who argue that it will be to the detriment of the poor.
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