SARS Announce Impressive Tax Revenue Collections
Written by Mfundo on 1 April, 2021
By: Lindelani Mbatha
SARS Commissioner, Edward Kieswetter, says an improvement in tax compliance has helped to collect R38 billion more in tax revenue amid a difficult economic environment.
Kieswetter had been briefing media on the preliminary outcomes of revenue collected from April 2020 to March 2021.
The preliminary tax revenue result show that SARS collected R1.2 trillion which was offset by refunds of R290.9 billion for the period ending March 2022.
Kieswetter says there’s an improvement of 26.8% on compliance cash collected and a reduced revenue leakage through refunds.
A higher-than-expected rebound in economic activities after the easing of economic lockdown measures resulted in better-than-expected tax revenue collections. #SARSRevenueAnnouncement pic.twitter.com/q91HnesIiH
— SA Revenue Service (@sarstax) April 1, 2021