The net tax revenue of the SA Revenue Service (Sars) for the 2021/22 financial year is R1.563-trillion.
“The efficacy of Sars administrative efforts results in the additional tax revenues being collected and prevents revenue leakages from impermissible transactions.”
Sars‘ compliance revenue efforts for the 2021/22 financial year yielded a revenue contribution of R209.7bn. “This includes R137.5bn of additional revenue, and preventing impermissible refunds and leakages worth R72.2bn from leaving the national revenue fund.” He said the compliance dividend of R209.7bn was from a number of administrative actions that had contributed to the tax revenue collections.
These included general compliance in ensuring that non-filing, late filing and underpayment by taxpayers were dealt with.8 million newly registered taxpayers, leading to RKieswetter said there was an increasing trend of taxpayers taking administrative points and a general increase in litigation across all areas.
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