Kieswetter announces better-than-expected tax haul for 2021

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Edward Kieswetter.
Edward Kieswetter.
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The SA Revenue Service (SARS) collected R38 billion more in tax than expected in the February budget, the agency's commissioner Edward Kieswetter announced on Thursday.

"In one of the most difficult years in recent times – we have produced one of the most favourable revenue outcomes," he said at a media briefing in Pretoria.

Kieswetter said that, according to preliminary figures, total net revenue collection for the year ended March 2021 was R1.25 trillion. This was R38 billion more than estimated in the February budget.

These figures will still be subject to a final audit.

The better-than-expected revenue figures were due to a combination of a slightly improved economy and the agency's focus on improving compliance efforts.

However, tax collection for 2021 was still down 7.8% compared to 2020, as a result of the economic shock of the Covid-19 pandemic.

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