The South African Revenue Service has published Frequently Asked Questions: Increase in the VAT Rate from 1 May 2025, which is to be read with the Pocket Guide on the VAT Rate Increase from 1 May 2025. As announced as part of the 2025 Budget, the VAT rate will be increased from 15.0% to 15.5% with effect from 1 May 2025, with plans for a further increase to 16.0% from 1 April 2026. Among othe…