Owing SARS Money
What’s new? 24 April 2024 – The Business Rescue email address has changed The Business Rescue email address will change to [email protected] on 1 May
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What’s new? 24 April 2024 – The Business Rescue email address has changed The Business Rescue email address will change to [email protected] on 1 May
1. Introduction According to a 2020 Trans Union report, as a result of the COVID-19 Pandemic, 95% of SMMEs (i.e., 2.55 million in RSA) reported
The National Treasury and the South African Revenue Service are pleased to announce the release of the 10th annual edition of the Tax Statistics today, on Tuesday 12 December 2017.
SARS will be migrating to a new hosting platform for its electronic services in April 2019. This new and reliable platform features the latest technology on the market, and includes a refresh of SARS’ hardware and software.
The 14th Tax Statistics publication will be published on 20 January 2022. The 2021 edition will provide an overview of tax revenue collections and tax return information for the 2017 to 2020 tax years, as well as the 2016/17 to 2020/2021 fiscal years.
The South African Revenue Service (SARS) participated in two multilateral meetings in the current week to cement international tax co-operation in Africa and among the BRICS Countries (Brazil, Russia, India, China and South Africa).
The South African Revenue Service (SARS) accepted the increased revenue collection estimate announced by Minister of Finance, Mr Enoch Godongwana. In his 2023 Budget Speech, the Minister increased the revenue estimate to R1.69 trillion, an increase of R93.7 billion from the 2022 February Budget statement.
For the financial year ending 31 March 2019, SARS collected an amount of R1 287.6 billion, against the 2019 Budget estimate of R1 302.2 billion resulting in a deficit of R14.6 billion (-1.1%).
The Commissioner of the South African Revenue Service (SARS), Mr Edward Kieswetter, told Parliament today that SARS was encouraged by the measured progress in rebuilding SARS as an institution transforming itself into a SMART Modern SARS.
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