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. “However, due to a recovery in consumption and wages in recent months, and mining...
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. The figure is R4 billion...
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...
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...
