'VAT at 16% gives us an extra R40 billion'

VAT at 16% gives us an extra R40 billion. Keep in mind; Pravin is only looking for R28 billion.

Osman Mollagee

At some point it becomes counterproductive to extract more…

Osman Mollagee

The Money Show’s Bruce Whitfield interviewed PWC Tax Technical Partner Osman Mollagee.

Mollagee discussed Finance Minister Pravin Gordhan’s Mid-Term Budget Policy Statement.

He reckons a hike in VAT, though politically distasteful, must be considered.

Listen to the analysis in the audio below.

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Article brought to us by Old Mutual.

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