Gauteng accounted for 58% of the revenue service's all-time high net collection of R1.69 trillion for the 2022/23 financial year.
JOHANNESBURG - The South African Revenue Service said Gauteng remained the biggest contributor to improved revenue collection as the tax authority records an all-time high in its figures.Net revenue collection came in at R1.69 trillion after Sars refunded more than R380 billion to taxpayers, despite economic headwinds, including the dire impact of load shedding.This was followed by KwaZulu-Natal with 18%, and the Western Cape with more than 15%.
"Finance increased by R50 billion, 9.6% year-on-year to R572 billion, or 34% of our revenue comes from the finance sector." While all the tax types showed some improvement, Kieswetter said that personal income tax showed the most.Kieswetter said Sars would work around the clock to further strengthen compliance, in order to help improve the fiscus.
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