Almost 60% of SA’s corporate tax came from just 325 large companies, reflecting the concentrated nature of the economy, the latest Tax Statistics Bulletin revealed on Tuesday.It also showed that the contribution to state revenue from corporate taxes had declined sharply in recent years, with personal income tax bearing more of the burden.The bulletin is a joint annual publication by the Treasury and the South African Revenue Service (SARS). Launching the bulletin, SARS group executive for tax, customs and excise duty Randall Carolissen said while the contribution from larger companies that were more exposed to the global environment had declined, that from small and medium-sized companies was growing strongly."We are taking the lessons learned from big companies to get more out of smaller companies," he said.The three big taxes — personal income tax, corporate income tax and value-added tax – still make up about 80% of the total tax take each year but the mix has shifted significant...
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