Vat Increase

Posted: 11th April 2018/Under: Latest from SPII, News, SPII in the Media/By: SPII

Vat Increase

Value Added Tax will be increased to 15% from 1 April 2018. Some say it’s a necessary step to keep the economy on track, but others blame it squarely on State capture and corruption. The big question is: with the majority of South Africans living below the poverty line, how will the poor compensate from their already empty pockets?