Tax hikes expected next week

Show Business and Finance Publications

Sun, March 9, 2025

[ Sun, Mar 09th 2025 ]: WION

From Slums to Startups: The Inspiring Ascent of Indian Women Entrepreneurs

Sat, March 8, 2025

[ Sat, Mar 08th 2025 ]: Futurism

Elon Musk Is Trying to Get Access to the Child Support Database

[ Sat, Mar 08th 2025 ]: TwistedSifter

Homeowner Refuses To Pay Gardener For His Work, So The He Fills The Owner's Yard With Tennis Balls

[ Sat, Mar 08th 2025 ]: MSN

Wyoming to launch dollar-backed Stablecoin

[ Sat, Mar 08th 2025 ]: TheStreet

Protect Your Retirement Portfolio from Tariff Risks

[ Sat, Mar 08th 2025 ]: CNET

Skip the Spring Break Airport Security Lines With Free TSA PreCheck

[ Sat, Mar 08th 2025 ]: GhanaWeb

Revocation of Licence: Read the letter Bank of Ghana sent to founder of defunct UT Bank

[ Sat, Mar 08th 2025 ]: Reuters

US regulator clears path for banks to engage in some crypto activities

[ Sat, Mar 08th 2025 ]: BusinessTech

Trouble for South African homeowners with bonds

[ Sat, Mar 08th 2025 ]: GOBankingRates

If You Invest $10K in the Magnificent 7 Now, What Could It Be Worth in 10 Years?

[ Sat, Mar 08th 2025 ]: Wired

The Biggest US Banks Have All Backed Out of a Commitment to Reach Net Zero

[ Sat, Mar 08th 2025 ]: Bloomberg

Crypto exchange Kraken preparing for IPO in 2026

[ Sat, Mar 08th 2025 ]: AOL

Is Uber Technologies a Buy, Sell, or Hold in 2025?

[ Sat, Mar 08th 2025 ]: Kiplinger

How to Help Accelerate Support for Women's Equality

[ Sat, Mar 08th 2025 ]: Forbes

Women Are 2.5X More Likely To Demand Bold Climate Action

[ Sat, Mar 08th 2025 ]: Insider

Avoid these 4 red flags that could trigger an IRS audit this tax season

[ Sat, Mar 08th 2025 ]: Goodreturns

1:10 Stock Split of Pharma Stock: Record Date Set For March 21; What Investors Should Do Next?

[ Sat, Mar 08th 2025 ]: Vanguard

Accelerating Action: Yetunde Sonowo's trailblazing journey in finance, leadership, real estate

[ Sat, Mar 08th 2025 ]: News24

Could we still see a hike in VAT when the budget is tabled?

[ Sat, Mar 08th 2025 ]: CNBC

The Late Morning Rundown: Mar 7, 2025

[ Sat, Mar 08th 2025 ]: Entrepreneur

Women's Day 2025: Celebrating Progress, Demanding Action in Investment and Leadership

Fri, March 7, 2025

[ Fri, Mar 07th 2025 ]: Ukrinform

Finance Ministry: Partners more willing to engage in dialogue on use of Russian assets

[ Fri, Mar 07th 2025 ]: ProPakistani

FBR Introduces Major Changes to Export Finance Scheme

[ Fri, Mar 07th 2025 ]: Insider

Credit Karma Savings Rates: Pros, Cons, and Alternatives

[ Fri, Mar 07th 2025 ]: Bloomberg

Mexico Finance Chief Steps Down and Is Replaced by His Deputy

[ Fri, Mar 07th 2025 ]: Narcity

Government of Canada jobs are available abroad and you can apply for these 11 positions

[ Fri, Mar 07th 2025 ]: Bankrate

What is a chattel mortgage?

[ Fri, Mar 07th 2025 ]: GOBankingRates

The Top 10 Personal Finance Books on Amazon in March

[ Fri, Mar 07th 2025 ]: AOL

Commentary: Fudging the data won't help the Trump economy

[ Fri, Mar 07th 2025 ]: CNET

NordVPN NordProtect Identity Theft Protection Review: VPN Plus Basic ID Theft Features

[ Fri, Mar 07th 2025 ]: MarketWatch

State Street's private-debt ETF launched with major buzz. What are investors getting?

[ Fri, Mar 07th 2025 ]: Investopedia

What Is an SBA Microloan, and How Does It Work?

[ Fri, Mar 07th 2025 ]: Zawya

Banking, retail and telecoms power South Africa's brand value to over $33bln in 2025

[ Fri, Mar 07th 2025 ]: Forbes

The Rise Of Private Credit And The Role Of Asset-Based Finance In Funding SMBs

[ Fri, Mar 07th 2025 ]: Fortune

CEO of $4.2 billion tech giant says defying Mark .. ngs' mantra was essential to growing his business

[ Fri, Mar 07th 2025 ]: IPPMEDIA

Illicit financial flows burden Tanzania's national budget

[ Fri, Mar 07th 2025 ]: Reuters

RBC boosts CEO McKay's 2024 pay by 60% to $17 million on HSBC Canada acquisition

[ Fri, Mar 07th 2025 ]: BusinessTech

Sage Intacct - The industry-leading cloud finance software for South African businesses

[ Fri, Mar 07th 2025 ]: CNN

7-Eleven's Japanese owner appoints American CEO to fend off $47 billion takeover bid

Thu, March 6, 2025

[ Thu, Mar 06th 2025 ]: TechCrunch

Turing, a key coding provider for OpenAI and othe .. LLM producers, raises $111M at a $2.2B valuation

[ Thu, Mar 06th 2025 ]: TechRepublic

6 Best Banks for Small Business Loans in 2025

[ Thu, Mar 06th 2025 ]: Kiplinger

Expiring Business Tax Breaks And Trump's Tax Plan

[ Thu, Mar 06th 2025 ]: WTHR

Two Indianapolis federal buildings listed for possible sale

[ Thu, Mar 06th 2025 ]: Bizcommunity

Banking, retail and telecoms power SA's brand value to over R600bn in 2025

[ Thu, Mar 06th 2025 ]: Deadline

Comcast's 'SpinCo' Adds Media Veteran Jordan Fasb .. Chief Counsel, Finalizing Senior Management Team

[ Thu, Mar 06th 2025 ]: GOBankingRates

10 Best Paying Middle-Class Jobs That Don't Require a Degree

[ Thu, Mar 06th 2025 ]: Reuters

Exclusive: Russia ships diesel to Syria on tanker under U.S. sanctions, data shows

[ Thu, Mar 06th 2025 ]: TipRanks

Plume and 0G Partner to Launch RWAI Agents, Redefining AI-Powered RWA Finance

Tax hikes expected next week - including VAT

//business-finance.news-articles.net/content/202 .. /tax-hikes-expected-next-week-including-vat.html

Published in Business and Finance on Friday, March 7th 2025 at 21:00 GMT by BusinessTech

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

Cabinet has reportedly backed a smaller VAT hike in the new budget - which means other tax hikes are likely to come in as well to make up the balance.

2025-03-07 196 x 110 / 4658 Bytes

The article from BusinessTech discusses the anticipated tax hikes in South Africa as part of the upcoming 2024 Budget Speech. Finance Minister Enoch Godongwana is expected to announce increases in various taxes to address the country's fiscal challenges, including a potential rise in Value Added Tax (VAT) from 15% to 16%. This adjustment in VAT, along with possible increases in personal income tax, fuel levies, and sin taxes (on alcohol and tobacco), aims to generate additional revenue to manage the government's debt, which has been exacerbated by economic slowdown, state capture, and the impacts of the Covid-19 pandemic. The article also mentions that these tax hikes could lead to higher living costs for South Africans, potentially affecting consumer spending and economic growth. However, the government might also consider broadening the tax base or implementing austerity measures to mitigate the need for such increases.

Read the Full BusinessTech Article at:
[ https://businesstech.co.za/news/budget-speech/815856/tax-hikes-expected-next-week-including-vat/ ]