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Learn more15% VAT rate will be maintained
The Minister of Finance today issued a indicating that the proposed increase in the value added tax (VAT) rate, which was scheduled to come into effect on May 1, 2025, would be withdrawn.
National Treasury will be introducing a revised Rates and Monetary Amounts and Amendment of Revenues Laws Bill in which the current 15% VAT rate will be maintained. Revised versions of draft bills are scheduled to be released in the next few weeks and will indicate what adjustments to expenditure will be made.
Read an April 2025 report prepared by the 乐鱼（Leyu）体育官网 member firm in South Africa
For more information, contact a 乐鱼（Leyu）体育官网 tax professional in South Africa:
Erina Cooper | erina.cooper@kpmg.co.za
Lesley Bosman | lesley.bosman@kpmg.co.za
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