Commissioner Tom Moyane says Sars collected R1 trillion in tax
According to Tom Moyane (pictured), South African Revenue Service (Sars) Commissioner, for the first time in South Africa’s history Sars has collected R1 trillion in tax payments.
Addressing the media at a recent joint conference with Finance Minister Pravin Gordhan and Deputy Minister Mcebisi Jonas, Moyane said:
"Our single objective is reaching the revenue target Despite the hurdles, we delivered When some questioned the leadership of this organisation, we returned the numbers. We will turn up the heat and make it more difficult for dishonest people to cheat Sars."
According to Gordhan, South Africa collected R12 billion less in tax revenue for 2015/16, compared to what was projected in the 2015 budget.
"Tax revenues have been marginally more resilient than government had anticipated. Gross tax revenue for the fiscal year came in at R1.0699trn or R0.2bn more than the February estimate."
Gordhan opined that the revised deficit, as published in the 2016 Budget Review, is broadly achievable. Moyane added that the global economy would surely not be helpful over the coming few years and said a focus on fiscal commitment and growing the economy will remain.