Latest tax stats underscore toll taken by poor GDP growth
The annual growth rate in revenue collections has slowed sharply in recent years
23 December 2019 - 15:09
A marked slowdown in the rate of revenue collection in recent years has underscored the effect poor economic growth and governance problems at Sars have had on state coffers.
According to the 2019 tax statistics, released by Sars on Monday, the compound annual growth rate in revenue collections was 6.9% during the five years between 2014/2015 and 2018/2019, down from the 10.5% growth rate over the preceding five years. ..
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