Key City – Finance Minister Enoch Godongwana announced a 0.5% increase in budget shortages of R60 billion, which increased by another 0.5% for next year, increased the VAT to 16% to 2026.
The decision is followed by a 2% increase in the budget, the government of the National Unity (GNU) under the government of the National Unity (GNU).
In VAT, Godongwana, the government offers to increase the need to increase the need to increase the needed income in 2025/26 and the other half-interest point in the next year, which will bring 26/27 VAT Ratet to 16% today. . # BUDGETSPEECH2025 pic.twitter.com/m5e7h1ql2i
– SABC News (@sabcnews) March 12, 2025
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