CLAIM BACK YOUR 1% VAT
MBABANE – Locals who buy their goods and services in South Africa will claim back the one per cent difference in value added Tax (VAT).
Principal Secretary in the Ministry of Finance, Bheki Bhembe said this was a result of the increment of VAT in South Africa, which shall come into effect tomorrow.
Then South African Finance Minister, Melusi Gigaba, in his budget speech last month, informed South Africans that VAT would increase by one per cent to 15 per cent.
He said this increment would be introduced on April 1, 2018.
increment
Given that the country imports most of goods in South Africa, entrepreneurs would not feel the effects of the increment in the first few weeks as they would be able to claim their money back.
This, according to Bhembe, would be permitted by the fact that the country has no law allowing the implementation of a 15 per cent VAT.
“The matter is pending before Parliament; so, for now the citizenry would have every right to claim back their money as there will be no law allowing us to charge the inflated VAT.”
He was also enthusiastic that the matter would be put to bed soon as the holidays were over.
del.icio.us |
Digg
Post your comment 
https://zencortex.colibrim.ca I was suggested this website by my cousin. I'm not sure whether this post is written by him as no one else know such detailed about my trouble. You're wonderful! Thanks! https://zencortex.colibrim.ca
on
16/10/2024 11:47:32
https://fitspresso.colibrim.ca Hi there to every one, since I am truly eager of reading this website's post to be updated daily. It consists of nice data. https://fitspresso.colibrim.ca
on
16/10/2024 05:03:21
LeonardQuora
on
16/10/2024 04:31:08
https://zencortex.colibrim.ca I am really impressed with your writing skills as well as with the layout on your weblog. Is this a paid theme or did you modify it yourself? Anyway keep up the nice quality writing, it's rare to see a great blog like
on
16/10/2024 02:57:17
RandyFaimb
on
16/10/2024 01:02:23
Comments (0 posted):