Raise VAT by 1% and you have between R15 billion and R20 billion more…— Tertius Troost, Mazars
The average VAT rate in Africa is 15.25% while the global average is 15.6%.— Tertius Troost, Mazars
Increasing taxes that corporates and the super-rich pay may be easy to pull off politically, but doing so may harm the economy, says Mazars Tax Consultant Tertius Troost.
An increase in VAT is Treasury’s best bet, he says.
CapeTalk’s Africa Melane interviewed Mazars Tax Consultant Tertius Troost.
Listen to the interview in the audio below.
This article first appeared on 702 : Increasing VAT by 1% adds up to R20 billion to fiscus