Sars reports R16.7bn surplus over budget estimate

The SA Revenue Service (Sars) has reported a R16.7bn surplus in revenue from what was estimated in the February budget, with a total of R1.563-trillion collected, representing a 25% year-on-year increase.

Sars commissioner Edward Kieswetter said on Friday during a media briefing that gross tax revenue totalled R1.885-trillion, which was offset by VAT refunds...

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