Current Vat Rate In South Africa 2024. The standard vat rate is the primary rate of vat applied to goods and services within a country, covering most items except for certain specific goods and. Since 1 october 2012, the administration of tax acts, including the vat act, is mainly regulated by the tax administration act 28 of 2011.

High food inflation has severely impacted poor south african households over the last few years. Food prices rose 9.2% in 2022 and 10.8% in 2023, placing pressure.