Faizel Patel, Radio Islam News – 23-02-2018
The South African Revenue Service (SARS) says it’s committed to achieving the increased revenue target for the 2017/18 financial year.
Finance Minister Malusi Gigaba increased the anticipated revenue that has to be collected for the fiscus by end of March from R1 214.7-billion to R1 217.3-billion in his budget speech on Wednesday.
SARS says this is a marginal increase of R2.6-billion and stems from improved company and trade taxes collected since the last quarter of 2017.
In a statement, Commissioner Tom Moyane says the fiscal stability of the country was ultimately dependent on the ability of SARS to collect all revenue due to the fiscus.
“South Africa depends on the 14 000 SARS officials who have consistently delivered on very tough revenue estimates every year. We have put in place the necessary regional revenue management structures to track taxpayer compliance down to granular level and the results are proving to be positive.”
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