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SARS is committed to providing certainty and clarity to all taxpayers and traders regarding their tax and customs obligations so that they can remain compliant and to ensure that transacting with the organisation is as simple and easy as possible.

The South African Revenue Service (SARS) is pleased to announce its preliminary revenue collection outcome for the 2023/24 fiscal year.

SARS has embarked on a journey to reimagine a future revenue authority where increasingly its work will be informed by data-driven insights, self-learning computers, artificial intelligence and interconnectivity of people and devices.

The South African Revenue Service (SARS) remains committed to providing clarity and certainty in the implementation of its mandate of promoting legitimate trade for the economic development of the country in an era of rapidly expanding e-Commerce. This will be achieved by making it simple and easy to facilitate an increased movement of goods.

The South African Revenue Service (SARS) welcomes the consistent emphasis by the Minister of Finance, Mr Enoch Godongwana, on ensuring that government finances are spent in an equitable, efficient and flexible manner to support South Africa’s development objectives.

By the end of March 2025, SARS had collected a record gross amount of R2.303 trillion, representing year-on-year growth of 6.9% against estimated nominal GDP growth of 5.4% (2024/2025). In this difficult economic environment, SARS paid refunds of R447.7 billion to taxpayers, the highest-ever amount in refunds (versus R413.9 billion in the prior year), representing growth of 8.2%. This brings the collected net amount to R1.855 trillion, which is almost R8.8 billion higher than the revised estimate, and R114.0 billion more than last year’s R1.741 trillion.

Delegates from BRICS member countries (that is Brazil, Russia, India, China and South Africa) have agreed to strengthen co-operation and mutual assistance to facilitate trade between member countries and other developing countries.