South Africa – The National Treasury announced on Wednesday that the gross tax revenue for 2020/21 is expected to be R213.2 billion lower than projections in the 2020 Budget. [Read more…]
SARS collects R814bn in taxes
April 2, 2013 By Leave a Comment
Pretoria – In what Finance Minister Pravin Gordhan today described as a “remarkable achievement”, the South African Revenue Service (SARS) exceeded its target when it collected more than R814 billion in taxes for the 2012/13 fiscal year. [Read more…]
Tax revenue grows
October 22, 2012 By Leave a Comment
South African Revenue Service
Cape Town – Tax revenue grew by R68.5 billion in the last financial year – to total R742.6 billion – R3.9 billion more than forecast by the Minister of Finance Pravin Gordhan when he presented his 2012 Budget in February, the South African Revenue Service (Sars) said on Monday. [Read more…]
SARS surpasses revenue collection target by R2bln
April 3, 2011 By Leave a Comment
Pretoria – The South African Revenue Service (SARS) collected R647.2 billion in tax revenue – R2 billion more than what was targeted in the 2011 budget, Finance Minister Pravin Gordhan said on Friday.
“Positive economic growth over successive quarters in 2010 and a modest recovery in revenue indicate that our economy is regaining its growth momentum,” Gordhan said of the preliminary outcome of revenue collection for 2010/11 fiscal year. [Read more…]
