South African Court Blocks VAT Rate Increase, Ending Government Dispute
19:32 28.04.2025 (Updated: 22:24 28.04.2025)
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South African Court Blocks VAT Rate Increase, Ending Government Dispute
The ruling resolves a contentious disagreement between the two largest parties in the coalition government over the revenue-raising plan.
Key details:
Finance Minister’s Announcement (April 23): Enoch Godongwana confirmed the increase of the .5 percentage point VAT hike, set for May 1, would no longer proceed.
Next Steps: The court ruling allows Godongwana to revise and resubmit budget plans.
Parliament’s Role: Speaker Thoko Didiza has requested the finance minister to provide a timeline for tabling the revised budget. Once confirmed, parliamentary leaders will reconvene to adjust the parliamentary schedule accordingly.
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