Understanding VAT and Its Impact on Debt Management in South Africa
https://findbetter.co.za/under....standing-vat-and-its
VAT plays a major role in South Africa’s economy — if the VAT rate goes up, it raises the cost of everyday goods and services. This can put even more pressure on your finances if you’re already in debt. Even if the VAT rate stays the same, you still lose a portion of your income to tax every time you buy VAT-taxed goods or services.
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