Yusuf Bodiat
By Yusuf Bodiat, Lion of Africa Insurance.
Value-added tax (VAT) was introduced in South Africa in September 1991 to replace General Sales Tax (GST) as an indirect tax. VAT was imposed at a statutory rate of 10%, and then increased to 14% in 1993. Since then, the rate of the tax charge has not changed, until now. (more…)
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