The 0.5% VAT Increase: A Double-Edged Sword for South African SMEs
The South African government recently increased the Value-Added Tax (VAT) rate by 0.5%, bringing it to 15.5%. While this move aims to bolster government revenue and fund essential services, it presents both challenges and opportunities for South African Small and Medium-sized Enterprises (SMEs). Impact on SMEs The VAT increase directly affects SMEs by increasing […]
