Pretoria - The South African Revenue Service (SARS) collected R1.144trn for the 2016/17 financial year, according to SARS commissioner Tom Moyane.
Moyane was speaking at the preliminary revenue collection results announcement on Monday.
Last year SARS had collected over R1trn (R 1.0699trn) in revenue, a first for the tax authority. This surpassed Treasury’s target of R1.0697trn for the period. SARS attributed this to its operating model.