URGENT- do your price labels reflect the new VAT rate

Malusi Gigaba announced South Africa’s first increase in the VAT rate during the Budget speech- VAT will be charged at 15% from 1st April 2018, and that’s no April Fools joke!

As a result, all price labels will need to be changed overnight on the 31st of March. This will be a major logistical challenge for retailers with wide product ranges, but applies to all suppliers who charge VAT.

Share this post
  , , , , ,