The South African Revenue Service (SARS) says despite the devastating impact of the COVID-19 pandemic it has collected R38 billion more than estimated.
It says among others the main contributors are Personal Income Tax, Value Added Tax as well as Corporate Income Tax.
The Revenue Service was briefing the Standing Committee on Finance, on its annual report.
In April, SARS Commissioner Edward Kieswetter presented the preliminary outcomes of revenue collected from April 2020 to March 2021:
SARS says tax compliance levels in the country are under strain and the culprits are employers and SMMEs.
SARS commissioner Edward Kieswetter says there are still many employers who collect taxes and do not pay over to SARS and that these employers will be criminally prosecuted.
“Notwithstanding that, we have continued based on a number of factors that I will refer to as an improvement in revenue collection. In fact, you will recall that between October estimate when the minister announced the forward projection of and the subsequent February review, there was R100 billion upward division revised to R121, 212 trillion,” says Kieswetter.
Standing Committee on Finance, 9 Nov 2021 https://t.co/X56oCI4Pqe
— Parliament of RSA (@ParliamentofRSA) November 9, 2021