Economist says VAT should no longer be raised
With the South African Revenue Service (SARS) collecting nearly R10 billion more than expected, economist Dawie Roodt believes a 0.5 percentage point increase in value-added tax (VAT) is unnecessary. The proposed VAT hike is expected to be a key point of contention in Wednesday’s parliamentary vote on Finance Minister Enoch Godongwana's national budget. Roodt highlighted SARS’s recent success in ensuring greater compliance among personal income taxpayers. “Unfortunately, we have a […]