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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