vat | Bona Magazine

LIFESTYLE

Scam alert! TymeBank flags VAT phishing danger

TymeBank is cautioning consumers about fraudsters using notifications about the VAT increase, which was expected to come into effect on 1 May, as bait to trick you. “It’s not just banking customers who are being targeted. Anyone who has an account or subscription where VAT is payable, be that a mobile service provider, a retailer, […]

Shopping on a budget? Here’s how the VAT hike might make it even harder

South Africans will soon be paying more for everyday essentials as the government considers an increase in Value Added Tax (VAT). Finance Minister Enoch Godongwana said in the 2025 Budget Speech that the government proposes to increase South Africa’s VAT rate by 0.5 percentage points in 2025/26 and 0.5 percentage points in 2026/27. This will […]

Tag: vat

Scam alert! TymeBank flags VAT phishing danger

Shopping on a budget? Here’s how the VAT hike might make it even harder

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