'VAT INCREASE MIGHT 'KILL' ECONOMY'
... Stakeholders have lamented this move by government arguing that it will only make the poor worse off. This is one amongst many other hikes that consumers have been faced with in recent times
IT is disappointment all round following a decision by the ministry of finance to implement the one per cent increase on the Value Added Tax (VAT).
This means VAT now stands at 15 percent, which is similar to that of neigh bo ur in gS out hA fri ca.
A gazette published on Wednesday shows that this new amendment will come into effect on August 1.
Stakeholders have lamented this move by government, arguing that it will only make the poor worse off. This is one amongst many other hikes that consumers have been faced with in recent times. In the last three months, there have been two petrol hikes, electricity hike and now the VAT hike.
Below is what the different stakeholders had to say:
Bongani ‘Bhanyaza’ MdluliConsumers Association
We are shocked just at how inconsiderate government is. This will affect the consumer the most and government doesn’t seem to be bothered by this. The cost of living will increase because to cushion themselves, suppliers of goods and services will push the one per cent to the consumer. I honestly believe it is time that all stakeholders sit down and forge a way forward because effects of this will be dire.
Muzi Mhlanga- Trade Union Congress of Swaziland (TUCOSWA) The government of the day has continued to show us that they are not interested in engaging the nation. She has no courtesy because if it did they would have engaged all stakeholders but they didn’t. Further and above that, we petitioned them twice over this issue but they haven’t responded or let alone acknowledged receipt of the petition and lie to us and say they are looking into it. They do as they please and this is really scary.
In this country, people who make an honest living are struggling to survive, one must work behind the scenes because a job is no longer enough.
Tum du Pont- FESBC We have said this before; government shouldn’t implement things in the country because our economy is different from others. The implementation of this will kill the few remaining businesses in the country but what can we say because it has been gazetted.