2025 Budget breakdown: VAT, grant increases unpacked

Despite dodging a 2% VAT increase, the phased approach of a 1% increase over two years will still hurt consumers.

While government is set to hike VAT by 0.5% this financial year and by another half percentage point in the following year – effectively bringing VAT to 16% – economists warn this will have far-reaching consequences for taxpayers.

Read the full story in the ZO Monday, out on the shelves and on the ZO app. 

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