Sars has once again undershot the Treasury’s revenue target.
Personal income tax contributed R493.8bn, VAT R324.6bn, company income tax R214.7bn and customs R55.2bn. File photo.Revenue service Sars has once again undershot the Treasury's revenue target.
Compared with the initial estimate of R1.345-trillion, this results in a deficit of R 57.4bn, or 4.3%. Economic weakness has reduced personal income tax and corporate income tax receipts in the past year, but administrative weakness in collection was a contributing factor, the Treasury said in the budget review.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New SARS boss 'will bring much needed stability to SARS'New SARS boss Edward Kieswetter has been welcomed by financial services bodies and others, who say that while he will have his work cut out for him, Kieswetter is the right man 'to bring policy certainty to the organisation'.
Read more »
Five things to know about new Sars boss Edward KieswetterHere are five things you need to know about the new commissioner.
Read more »
Sars closes major branches due to strike | IOL Business ReportSars said it had put necessary contingency measures in place to minimise the disruption to taxpayer services across its branches and ports of entry.
Read more »
Sars closes some branches amid wage strikeWorkers affiliated to trade unions Nehawu and PSA are demanding a salary increase of 11% while Sars is offering 7%.
Read more »
Sars branches shut doors across SA as staff embark on wage strikeSA Revenue Service (Sars) employees took to the streets on Thursday as they embarked on a national strike over wages that saw branch offices in towns across the country close.
Read more »
Outa welcomes new Sars bossEdward Kieswetter replaces Tom Moyane, who has been in the organisation's crosshairs since his appointment.
Read more »
Sars branches shut doors across SA as staff embark on wage strikeSA Revenue Service (Sars) employees took to the streets on Thursday as they embarked on a national strike over wages that saw branch offices in towns across the country close.
Read more »
Five things to know about new Sars boss Edward KieswetterA year after Sars commissioner Tom Moyane was suspended, Edward Kieswetter has been appointed as the new boss at the tax collector.
Read more »
Animals will suffer because of Sars strike – SPCAThe group worries that long delays at border posts will compromise the welfare animals being transported.
Read more »
WATCH: Mboweni introduces new Sars commissionerFinance Minister Tito Mboweni is addressing the media to introduce the newly appointed Sars commissioner Edward Kieswetter.
Read more »
Moyane to Kingon to Keiswetter: timeline to appointing a new Sars bossHere is a look at the journey to appoint a new Sars boss.
Read more »