The South African Revenue Service (SARS) has collected more than R1.5-trillion in tax this past financial year.

SARS Commissioner, Edward Kieswetter says this is R17-billion more than initially forecasted in February.

Kieswetter late last week announced the preliminary figures for the tax year to the end of February.

He said a total of 35.5% of this total was personal income tax.

An amount of nearly R556-billion in personal income tax has been collected over the past financial year.

Kieswetter said SARS has, since its formation, collected more than R17.8-trillion in tax revenue.

Access the full briefing here.

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The South African Revenue Service has, over the past year, managed to collect close to R50-billion in overdue taxes from individuals and companies.

SARS Commissioner Edward Kieswetter says though the majority of taxpayers do pay their taxes diligently, many others try to dodge their tax obligations.

Kieswetter says SARS also managed to avoid paying R30-billion in fraudulent tax refunds in the past financial year.

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SARS Commissioner Edward Kieswetter says streamlining operations and systems at the agency has helped significantly improve tax revenue.

Kieswetter, speaking during an online event hosted by Deloitte, says SARS is constantly at work to improve its technical capabilities in order to deliver better services to taxpayers.

He says part of this strategy is to employ an experienced, qualified, and capable workforce.

The Deloitte “Unpacking the 2022/2023 Budget”online briefing saw a panel of esteemed subject matter experts unpack the key fiscal tax, economic, policy, and political aspects highlighted in the National Budget.

Access the full briefing here.

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