On 24 October 2018, South Africa's 2018 Medium Term Budget Policy Statement was presented to parliament and the final 2018 amendment bills were submitted. The amendment bills mainly contain measures announced as part of the 2018 Budget with some adjustments following subsequent consultation:
The Rates and Monetary Amounts and Amendment of Revenue Laws Bill (Bill 37 of 2018), which includes:
- The increase of the VAT rate from 14% to 15%, which is already effective 1 April 2018 but requires …