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South Africa's Finance Minister will present the 2025 budget on May 21, keeping VAT at 15%.
Finance Minister Enoch Godongwana will present South Africa's 2025 budget on May 21, after delays and public resistance led to the abandonment of a planned VAT increase.
The budget will now maintain the VAT at 15% and will follow established processes, including consultations with key stakeholders.
Until the new budget is passed, government spending will be limited under existing laws.
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El ministro de Finanzas de Sudáfrica presentará el presupuesto de 2025 el 21 de mayo, manteniendo el IVA al 15%.