Missed revenue target highlights uphill battle at Sars
The R1.287-trillion estimate released on Monday is R57.4bn or 4.3% less than the initial mark
The SA Revenue Service (Sars), whose capacity was decimated during the administration of former commissioner Tom Moyane, missed its revenue target for a fifth consecutive year, highlighting the challenge faced by his successor. Sars, which collects the taxes that the government uses to fund services from education to defence, said revenue collection fell about R15bn short of the government’s revised target for 2018/2019, announced by finance minister Tito Mboweni in his budget less than two months ago. If you are already a subscriber, please click on the following link to go to the full article: Uphill battle as Sars misses target again If you would like to subscribe to BusinessLIVE to read the full story, please click here.
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