BREAKING NEWS- SARS REACHES MILESTONE R1 TRILLION IN TAX COLLECTION FOR A THIRD TIME

JOHANNESBURG- South African Revenues (SARS) announced on Monday they have reached a milestone of R1 trillion mark in its revenue collection efforts, making it the third year in a row that Sars has reached this milestone.

Tom Moyane SARS commissioner has hailed the milestone as a testament of SARS commitment in continuing reaching its goal of R1,217 trillion in tax collection.

Moyane was confident that Sars revenue management structures and staff would deliver on their promise to deliver the necessary revenue needed for the country.

He said, “We are focused on closing all revenue leakages through non-compliance and our staff will spare no effort in reaching the revenue target by 29 March, even though the economy is not performing to our expectations.”

“We believe that our efforts will provide government with the requisite fiscal space to free up resources for its developmental objectives while allowing it to better manage the levels of debt we are facing.”

Photo Credit- South Coast Sun

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