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Tax Statistics for 2019

Tax Statistics for 2019





PRETORIA, FRIDAY 20 DECEMBER 2019 – National Treasury and the South African Revenue Service have published the 12th annual edition of the Tax Statistics.

The 2019 edition provides an overview of tax revenue collections and tax return information for the 2015 to 2018 tax years, as well as the 2014/15 to 2018/19 fiscal years.

The 2018 technical recession led to a slow growth in revenue collections, which culminated in a downward revision of revenue targets.  Whilst revenues generated from the tax system move in tandem with the economy, on average, the growth in tax revenues has been higher than economic growth. Key points in the 2019 edition are:

  • Tax revenue collected amounted to R1 287.7 billion, growing year-on-year by R71.2 billion (5.9%), mainly supported by Personal Income Tax (PIT) which grew by R30.9 billion (6.7%):
    • Personal Income Tax (PIT) at 38.3%, Corporate Income Tax (CIT) at 16.6% and Value-added Tax (VAT) at 25.2%, in aggregate remain the largest sources of tax revenue and comprise about 80.1% of total tax revenue collections.
    • Nominal tax revenue grew at a compound annual growth rate of 6.9% for the period 2014/15 to 2018/19. The tax-to-GDP ratio has increased marginally from 25.5% in 2014/15 to 26.2% in 2018/19 (increase of 0.65 percentage points).
  • In Chapter 2: PIT, geographic and demographic analysis of the assessments of the taxpayers who had been assessed as at the end of August 2019 showed some interesting results:
    • 2 680 449 (54.5%) of assessed taxpayers were male taxpayers; 2 236 580 (45.5%) were female;
    • 1 342 511 (27.3%) of assessed taxpayers were aged 35 to 44 years; and
    • 1 976 674 (40.2%) of assessed taxpayers were registered in Gauteng, of which 636 460 lived in the Johannesburg Metro and were taxed on an average taxable income of R446 838.
  • Statistics in Chapter 3 regarding CIT reveal that out of the 814 151 companies assessed as at the end of August 2019 for tax year 2017, 24.3% had positive taxable income. Furthermore 48.3% had taxable income equal to zero and the remaining 27.4% reported an assessed loss;
  • Chapter 4 indicates that in 2018/19, 77.2% of active VAT vendors were companies or close corporations. They contributed 92.3% to Domestic VAT payments and accounted for 90.4% of VAT refunds. Although individuals (sole proprietors) comprised 17.3% of VAT vendors, they contributed 3.0% of Domestic VAT payments and received 1.3% of VAT refunds.
  • As detailed in Chapter 5, Import VAT and Customs Duties recorded higher growth rates in 2018/19 compared to 2017/18. They accounted for 13.6% and 4.3% of the year’s Total Tax Revenue respectively, resulting in a 17.9% aggregate, which was in line with the average over the preceding five years. The share of these taxes to GDP rose to 4.7% from the preceding five-year average of 4.6%, with Import VAT recording 3.6% and Customs Duties at 1.1% for 2018/19.
    • Import VAT from the top 3 contributing economic sectors made up 87.8% of the total, namely the Wholesale and Retail Trade, Catering and Accommodation sector (Tertiary) at 40.0%, followed by Manufacturing (Secondary) at 30.1% and Financial Intermediation, Insurance, Real-Estate and Business Services (Tertiary) at 17.7%.
    • The overall effective Customs Duty rate in 2018/19 was 3.1% compared to previous year’s 3.2%. Key commodities with the highest effective Duty rates were Footwear and Accessories at 24.4%; Hides, Skins and Leather at 19.4%; Textiles and Clothing at 15.8%; Food, Beverages and Tobacco at 11.4% as well as Vehicles, Aircraft and Vessels at 7.6%.
  • Finally, Chapter 6: Other Taxes and Collections provide information about taxes such as Capital Gains Tax (CGT), Transfer Duty, Mineral and Petroleum Resources Royalty (MPRR), Southern African Customs Union (SACU) payments and Diesel refunds. In 2018/19, CGT of R17.9 billion was raised of which R9.5 billion was attributable to individuals and trusts and R8.3 billion to companies. This shows a marginal increase of R249 million (1.4%) on the R17.6 billion raised in 2017/18. An aggregate of R142.6 billion has been raised since the introduction of CGT in October 2001.

    The 2019 Tax Statistics documents are available on the SARS Tax Statistics webpage and National Treasury website at www.treasury.gov.za.

    SARS and National Treasury welcome public comments and suggestions to continue to enhance the publication’s utility in policy evaluation, and developing new insights in South Africa’s social and economic context. These can be provided via e-mail to [email protected].

Enquiries:  SARS Media [email protected] and National Treasury Communications Unit [email protected] or call 012 315 5000.

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