When Edward Kieswetter assumes his new role as commissioner of the South African Revenue Service (Sars) on May 1, his immediate challenge will be to improve tax compliance and revenues and to restore public trust in the agency, which has been rocked by corruption and mismanagement that led to President Cyril Ramaphosa firing the previous commissioner, Tom Moyane, late last year. Although under Moyane tax revenue reached a R1-trillion milestone, the revenue service consistently reported shortfalls and missed revenue targets. Tomorrow, acting commissioner Mark Kingon will present the preliminary tax revenue collection results for the 2018/2019 year. Sars is then expected to report a shortfall. The National Treasury estimated in the 2019 Budget Review that the revenue shortfall would be R48.2bn for 2018/2019. PODCAST: Listen to more commentary on the topic. Subscribe: iono.fm | Spotify | Apple Podcasts | Pocket Casts | Player.fm Economic weakness has reduced personal income tax and cor...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.