In the Budget Speech delivered on 21 February 2018, Minister Malusi Gigaba announced the controversial increase in the VAT rate from 14% to 15% with effect from 1 April 2018. This is the first VAT ...

In any type of transaction, it is usual for two parties to enter into a debtor/creditor relationship and use the legal concept of compensation as a method of payment for their respective debts, making ...

The Value-Added Tax has reportedly resurfaced in Washington as a possible future revenue source to help balance the budget, pay for Medicare and Social Security or possibly fund part of the national ...

The SA Revenue Service (SARS) has issued a warning to vendors and consumers about the implications of the reversal of the scrapped 0.5% VAT rate increase. SARS Commissioner, Edward Kieswetter, noted ...

Stuart Brodie, Partner at Claritas Tax, examines potential VAT changes in the November 2025 Budget, from reclassified goods and digital services to a possible lower registration threshold, signalling ...