Preliminary SARS revenue collection outcome for 2021/2022
The SARS Commissioner Mr Edward Kieswetter will announce the preliminary revenue collection outcome for 2021/2022 on Friday 1 April 2022 at 14:00.
Launch of SARS multilingual tax terminology publication
The Commissioner of the South African Revenue Service (SARS) Mr Edward Kieswetter has committed the organisation to promoting the use of historically marginalised official languages in the tax and customs environment.
Joint operation in KZN yields illicit cigarettes, narcotics
A joint operation involving the South African Revenue Service’s Customs officers, the SA Police Service (SAPS) and the Metro police led to the confiscation of over 2 million cigarettes and narcotics in Durban yesterday.
Scrap metal exporter found guilty of lying to Customs
A Cape Town-based export company and its director were found guilty of mis-declaring a consignment of scrap metal in order to avoid paying the recently introduced export duties on scrap metal.
Trade Statistics for January 2022
The R3.55 billion preliminary trade balance surplus for January 2022 is attributable to exports of R130.12 billion and imports of R126.57 billion.
Assets of diagnostic radiologists attached over tax debt of R52-million
Assets belonging to a practice of two diagnostic radiologists have been attached by the Sheriff of the High Court over outstanding returns and a tax debt of R52-million owed to the South African Revenue Service (SARS).
SARS will not tolerate employees who collude with taxpayers
The South African Revenue Service (SARS) has noted with concern the arrest of two SARS employees on allegations of extortion after the two employees demanded money from a taxpayer in return for reducing or cancelling the taxpayer’s debt.
SARS making illicit tobacco trade hard and costly
The South African Revenue Service (SARS) through its Criminal and Illicit Economic Activities and Customs Divisions carried out inspections as well as search and seizure operations on cigarette companies and manufacturers in KwaZulu-Natal, Western Cape and Gauteng.
SARS welcomes the revised Revenue Estimate
SARS welcomes the upwardly revised revenue collection estimate announced by Minister of Finance, Mr Enoch Godongwana. In his 2022 Budget Review speech, Minister increased the revenue estimate to R1 547.07 billion from the February 2021 budget estimate of R1 365.1billion. The 2021/22 revenue yield is expected to result in the tax-to-GDP ratio reaching 24.7%, which is higher than pre-COVID level and that indicates that the extraction rate is on a positive trajectory.
1 April 2015 – Preliminary Outcomes of Revenue Collection for the 2014-2015 Fiscal Year
PRETORIA, 1 April 2015 – We are today releasing SARS’ preliminary revenue collection outcome, twelve hours after the close of the 2014/15 fiscal year. Despite challenging economic conditions, SARS collected R986.4 billion which is a 9.6 % growth in total revenue from 2013/14. This is R7.4 billion above the revised estimate announced in the February 2015 […]
