Taxman in race against time to deliver on tax revenue estimate
SARS says it is too early to suggest there is a 'tax revolt' as MPs suggest
The South African Revenue Service (SARS) would be working hard over the next three days to collect the about R80bn it needs to meet its tax revenue estimate of R1.14-trillion for 2016-17, SARS group executive Randall Carolissen said Tuesday. “It is going to be hard going but we believe we are going to make it,” Carolissen told a briefing of Parliament’s standing committee on finance. Import taxes were beginning to pick up and March was the main month for large companies to pay tax, he said. He accompanied SARS commissioner Tom Moyane and group executive Marius Papenfus to brief MPs on its performance for the three months to December. Carolissen told MPs that corporate tax collection was beginning to pick up after what was a “very worrying” slump in February when it only grew 2% year on year compared with the expected 8% which had prevailed in August. SARS was analysing the reasons why taxpayers had failed to pay and it was too early to suggest that there was a “tax revolt” as MPs su...