South Africa Drops VAT Increase Following Political Backlash
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LN24 / 8 months
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- 2 min read
South Africa has decided not to move forward with its planned increase in value-added tax (VAT), following strong political opposition that put strain on the country’s coalition government. The proposed tax hike, which aimed to raise VAT by one percentage point over two years to improve government revenue, faced criticism amid ongoing economic challenges and […]