submitted 3 days ago by Lthabo1999
- Opposition parties criticized National Treasury for increasing the value-added tax (VAT) by one percent over the next two years, with some leaders expressing concerns about the impact on the country's revenue and the burden on black people.
- The Finance Minister's decision to raise VAT was met with disapproval from various groups, who suggested alternative ways to generate revenue, such as taxing the wealthy and improving tax compliance, while expressing disappointment that the VAT increase overshadowed positive aspects of the budget like investments in infrastructure and relief for social grant recipients.
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