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South African parliament passes 2025 budget amid VAT hike controversy

South African parliament passes 2025 budget amid VAT hike controversy

Sputnik Africa

South African parliament passes 2025 budget amid VAT hike controversy The VAT rate will rise from 15% to 15.5% in May 2025 and 16% in April 2026.Finance... 03.04.2025, Sputnik Africa

2025-04-03T15:31+0200

2025-04-03T15:31+0200

2025-04-03T16:24+0200

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South African parliament passes 2025 budget amid VAT hike controversy The VAT rate will rise from 15% to 15.5% in May 2025 and 16% in April 2026.Finance Minister Enoch Godongwana defended the hike as essential for sustaining public services, but opposition parties, including the DA, opposed it, citing concerns over rising taxes and government spending priorities. The legislation passed by a slim margin, with 194 lawmakers supporting it and 182 opposing it, and there were no abstentions.Subscribe to @sputnik_africa Sputnik Africa

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