Finance Minister Enoch Godongwana will increase in 2025 in 2025 to increase 0.5 percent in 2025/26 and 2026 and 2026/26 and 2026/27 and in 2026.
Assistance measures for low-income households
To soften the impact, the government plans to expand the list of zero-estimated nutrients and increase social grants on inflation. In addition, fuel collection will remain unchanged to prevent more tension to consumers.
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Where does extra money go?
Dr. According to Duncan Pietersen, the Director General for the National Treasury, VAT increase will help the Fund:
- Early childhood development programs
- More teachers, doctors and hiring frontage workers
- Reconstruction of the entrepreneurial railway system
How much income will you get?
2025/26 and 2025/26 and R14.5 billion R14.5 billion R14.5 billion R14.5 billion R14.5 billion R14.5 billion R14.5 billion R14.5 billion R14.5 billion R14.5 billion R14.5 billion R14.5 billion R14.5 billion are expected to increase. This includes VAT increase and the government’s decision to adjust the personal income tax bracket for inflation.
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Godongwana, in addition to increasing inflation in 2026 in 2026, acknowledged inflation in 2026, in 2026, increasing from 4.3% to 4.6%. However, the price of low global crude oil is expected to check the inflation price.
Despite this tax increase, Godongwana stressed that the decision was not provided lightly in order not to provide income with the load of consumers.
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