Symptom
On March 12, 2025, South Africa's Finance Ministry announced that the country's value-added tax (VAT) rate will increase.
Starting from May 1st, 2025, the VAT rate will go up by 0.5% to 15.5%. Another 0.5% increase will follow on April 1st, 2026, bringing the rate to 16%. These changes will impact businesses and consumers.
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Environment
SAP Business ByDesign
Product
Keywords
South Africa, VAT, change, rate , KBA , SRD-FIN-GLO-TAX , GLO - Tax Declaration , How To
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