Tsogo Sun to Pay $4.3M in New VATs

Sun, Jun 3, 2018

Tsogo Sun, a leading African hospitality group, expects to pay an additional 54 million rand (US$4.28 million) in value added taxes due to the VAT increase established by the government in April 2017.

African hospitality and entertainment group Tsogo Sun calculates it will pay an additional 54 million rand (US$4.28 million) in value added taxes due to an increase established in April 2017.

The South African government last year increased the VAT rate by 1 percent to 15 percent. Tsogo Sun CEO Jacques Booysen told Reuters the VAT “is a cost in the business that we’re going to absorb” and not pass on to patrons.

**GGBNews.com is part of the Clarion Events Group of companies (Clarion). We take your privacy seriously. By registering for this newsletter we wish to use your information on the basis of our legitimate interests to keep in contact with you about other relevant events, products and services which may be of interest to you. We will only ever use the information we collect or receive about you in accordance with our Privacy Policy. You may manage your preferences or unsubscribe at any time using the link in our emails.