Sars collects R813.8bn in revenue

2013-10-21 12:22

The SA Revenue Service (Sars) collected R813.8 billion in revenue last year.

According to the 2013 Tax Statistics publication, tabled by Sars and National Treasury today, this was R71.2 billion more than during the 2011/12 fiscal year.

Highlights from the document include:

» Personal income tax, including PAYE, totalled R276.7 billion (31.4% of revenue collected). A total of 15.4 million individuals were registered, of whom 5 881 019 were liable to submit returns;

» Company income tax collected during 2012/13 amounted to R160.9 billion (26.7% of revenue). This involved 2.2 million registered companies, of which 742 448 were liable to submit returns;

» Value-added tax (VAT) netted R215 billion (24.7% of revenue); and

» Import VAT and other customs duties collected totalled R39 billion.

According to the document, the tax-to-gross domestic product ration increased marginally from 25% in 2011/12, to 25.3% last year (2012/13).

“This is close to the long-term average, but well below the peaks of more than 27% reached before the (2008/9) financial crisis.”

The individual tax register grew strongly.

“The number of individuals registered for income tax as at March 31 (this year) increased by 1.7 million (12.5%), from 13.7 million in the previous year to 15.4 million.”

On the same date, there were nearly 2.2 million registered companies, of which 800 000 were liable to submit returns, and nearly 700 000 registered VAT vendors.

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