The South African Revenue Service (Sars) said Gauteng remained the biggest contributor to improved revenue collection as the tax authority records an all-time high in its figures.
Sars posted a gross of R2 trillion in revenue collection for the 2022/23 financial year.
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.
Sars said Gauteng accounted for a lion’s share of revenue collection, bringing in 58%.
This was followed by KwaZulu-Natal with 18%, and the Western Cape with more than 15%.
The Northern Cape recorded revenue collection of 0.5% – the lowest among the nine provinces.
When looking at the contribution by sector, Sars commissioner Edward Kieswetter said the finance, insurance, real estate, and business service contributed the most.
“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.
Ninety percent of all tax is pumped into the government’s fiscus framework.
Kieswetter said Sars would work around the clock to further strengthen compliance, in order to help improve the fiscus.
-EWN
In other news – DJ Fresh and Scandal! actress Mapaseka Koetle are allegedly dating
Radio veteran DJ Fresh is rumoured to be dating Scandal! actress Mapaseka Koetle after being spotted out and about for an event together. A local publication reports that they spotted the alleged couple looking all cosy at the premiere of Minnie Dlamini‘s Honeymoon movie.
Both stars have been previously married before, however, they separated from their spouses. The publication reports that they spotted the rumoured couple at the premier of the local film Honeymoon, which took place at the Emperors Place Hotel Casino Convention and Entertainment Resort in Kempton Park, Johannesburg. Learn More
