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South Africa told to raise VAT

  • VAT
  • 13 July 2016 | Richard Asquith

South Africa told to raise VAT

The International Monetary Fund has recommended that South Africa increase its VAT rate from the current 14%.

The country faces a challenging economic situation with a rapid decline in growth rates. The country is expected to struggle to meet its deficit reduction aims.

The average VAT rate in Africa for the larger economies is 16%.

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.