TheSouth African Revenue Service(SARS) announced in June that all garment imports,regardless of parcel size, would be subject to the same duties and VAT from 1 July 2024.SARSsubsequently announced on 8 August 2024 a phased approach to amending the current customs duty system. Currently, local r...
Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. South Africa News - was last updated on Saturday, March 1, 2025.
Options Posted on Aug-29-2024 12:07 PM I have to update my VAT number.In South Africa if you earn below a certain amount of money you dont need to register for VAT.So what must i do?? You must register your business for Value Added Tax (VAT) if the total value of taxable go...
South Africa faces a stark financial inclusion challenge, deeply intertwined with its socio-economic landscape. Despite the strides made in expanding banking services, 15% of the…Read More » Godongwana’s Budget Delayed as Unity Government Rejects VAT Hike ...
South Africa’s Finance Minister, Enoch Godongwana, has drawn criticism for proposing a 2% increase in Value Added Tax (VAT)—from 15% to 17%—as a way to…Read More » Ramaphosa Announces State Visit for Zelenskyy, Emphasizes Peaceful Resolutions at G20 ...
South Africa’s official unemployment rate has dropped by 0.2 percentage points to 31.9% in the fourth quarter of 2024. SA passport climbs one rank but loses access to two visa-free destinations 19-02-25 08:55BySundeeka Mungroo The SA passport has moved up a spot on the Henley & Partners...
Value Added Tax (VAT) is an indirect tax levied on consumption of goods and services by the South African Revenue Service (SARS). If your business makes a turnover of more than 1 Million Rand in a 12-month period, or is expected to exceed this amount, you must register your business ...
South Sudan, is a country located at Northern Africa, it has an area of 646,883 Km2. South Sudan, with a population of 11,483,374 people, it is ranked at 83º position by population of 196 countries and it has a low population density, 18 people per km
However, the minimum royalty rate on oil and gas will be increased from 0.5% to 2%, while the maximum remains at 5%. Research and Development ("R&D") incentives are being extended from 1 January 2024 for another 10 years and will be refined to be simpler and more effective. The "end-...
South Africa opposition, Democratic Alliance (DA), disagreed with him that the Zero-rating food will provide relief to the poor. The DA disapproved the increase of VAT by one percentage points, saying this will impact the most vulnerable. ...