JOHANNESBURG - The SMME community is concerned about the effect the phased VAT hike will have on business.
READ: Households urged to cling to wallets amid 0.5 percentage point VAT increase
VAT is expected to be raised by 0.5-percentage points for the 2025/26 financial year and by the same increment for the 2026/27 financial year.
Founder of Property Point and eTTP, Shawn Theunissen discussed the challenges this would create for small businesses and entrepreneurs with eNCA.