Sars crosses the R1.5-trillion mark in tax revenues
The net tax revenue of the SA Revenue Service (Sars) for the 2021/22 financial year is R1.563-trillion. “This represents an increase of 25% or R314bn compared to the prior year. Interestingly, this is a 15.3% growth from the pre-Covid year 2019/20,” said Sars commissioner Edward Kieswetter in Pretoria on Friday. Kieswetter said in April last year, he had announced tax revenue of R1.250-trillion for 2020/21. “Gross tax revenue totalled R1.885-trillion, […]