# Many South African businesses are reportedly scrambling to reverse costly value-added tax system changes. This is after the government scrapped the 0.5-percent VAT hike. The reversal followed political backlash and coalition disputes, leaving firms that had invested heavily in compliance upgrades facing wasted expenses. News24 reports that small businesses, in particular, are hardest hit by the administrative burden of reverting pricing structures and accounting systems, while larger corporations with sophisticated tools can adapt more easily.
Businesses scrambling to reverse costly VAT system changes