Surviving the transition to a 15% VAT rate

Surviving the transition to a 15% VAT rate

The South African Minister of Finance, Malusi Gigaba, tabled the 2018/19 Budget in Parliament on 21 February 2018. Government announced a lower than predicted 1% increase in the value-added tax (VAT) rate from the current 14% to 15% with effect from 1 April 2018. Anne Jenkinson, from ENSafrica, Taxand South Africa, explores.