budget 2021
COLLECTED INCOME: Treasury’s R99.6bn windfall
Revenue collection is better than expected, heading off a controversial wealth tax and personal tax increases
25 February 2021 - 06:00
SA’s tax revenue collection for the 2020/2021 fiscal year turned out to be nearly R100bn more than initially expected, finance minister Tito Mboweni revealed.
According to the National Treasury, the fiscus collected a revised R1.21-trillion in gross tax, R99.6bn more than the R1.12-trillion forecast by Mboweni in his medium-term budget policy statement (MTBPS) in October last year...
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, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now