ActionSA says VAT increase and tax bracket creep have been scrapped in the budget.
Written by Phakeme Mnguni on 2 April, 2025
By: Bright Ntuli
ActionSA says it has protected every South African from excessive taxation and worsening economic pressures.
This is as the party has moved a recommendation in the fiscal framework report that ensured the proposed 0.5% point increase in value-added tax for the 2025/2026 financial year has been effectively scrapped.
ActionSA’s Athol Trollip says they have ensured that substitute revenue proposals and corresponding expenditure savings are considered to offset the R28 billion shortfall from scrapping the tax increases.
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