The South African Revenue Service (SARS) has committed to achieving higher revenue estimates, underpinned by data science and technology.

This comes after South Africa’s Finance Minister Enoch Godongwana tabled the Medium Term Budget Policy Statement (MTBPS) in Cape Town on Wednesday.

• The South African Revenue Service (SARS) has accepted the challenge the minister of finance put forward in his latest Medium-Term Budget Policy Statement to collect even more taxes.
• Gross tax revenues are expected to exceed the estimates presented at the time of the 2022 Budget by R83.5 billion in 2022/23, of which corporate income tax is expected to account for R62.8 billion.

The Minister’s policy message focused on strengthening South Africa’s fiscal integrity over the medium term by managing the country’s finances with prudence.

Delivering the Medium-Term Budget Policy Statement (MTBPS), the Minister increased the revenue collection estimate that SARS must collect to R1.682 trillion from R1.598 trillion.

SARS is central to tax revenue collections in the country and allows for adequate fiscal space to attend to social and investment spending priorities while keeping an eye on debt service costs. It provides about 90 per cent of all government revenue, which makes this increase in the revenue …

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