S Africa VAT hike

S Africa VAT hike

SOUTH Africa is increasing its value-added tax (VAT) by a single percentage point – the first increase of the levy in 15 years.

The country’s Finance Minister Malusi Gigaba announced the move in his Budget presentation last week, which will see the VAT rise from 14% to 15% on 01 Apr.

Some travel & tourism suppliers in South Africa are advising they will be adjusting their prices.

The post S Africa VAT hike appeared first on Travel Daily.

Source: traveldaily