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