VAT INCREASE (SOUTH AFRICA): Implications & Considerations

[dre_6]

There is a planned VAT increase from 15% to 15.5% , effectively 1 May , 2025 in South Africa.

I need to ensure that the Shopify store correctly accounts for this.

The following is configured on Shopify (Settings > Taxes and Duties):

Regional settings, the South Africa region is selected, and a 15% rate entered.

Global settings, the ‘Includes sales tax in product price and shipping rate’ is selected.

I thus assume that on 1 May 2025, the only thing that needs to change is the 15% in the Regional settings, upwards to 15.5%?