South African government proposes big VAT increase to fund R350 Social Relief of Distress Grant.

1 year ago
1

According to government sources and various reports the South African government is looking to increase VAT in the country by 1% to help sustain the provision of the R350 social relief of distress grants, this will have a negative impact on consumers as the prices of essential goods will substantially increase further exacerbating an already high cost of living.

#VAT #R350 #costofliving #tax #economy

Loading comments...