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Home » Innscor frets over proposed VAT hike
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Innscor frets over proposed VAT hike

written by Almot Maqolo, Staff Writer 0 comments
Innscor Africa chief executive Julian Schonken, centre, with financial director Godfrey Gwainda, left, and chairman Addington Chinake.
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INNSCOR Africa (Innscor) says the 0,5 percent increase in value-added tax starting next month is inflationary and has the potential to hurt businesses by impacting consumer purchasing power. This comes as Finance minister Mthuli Ncube, in his 2026 national budget statement last month, proposed several tax changes aimed at boosting public coffers. The standard value…

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