Sars under-collects; rakes in R700 million less than Treasury forecast

The South African Revenue Service (Sars) collected R1.216 trillion for the 2017/2018 tax year.

This is about R700 million short of what former Finance Minister Malusi Gigaba forecasted.

Finance Minister Nhlanhla Nene cited under-collection as a key contributor to the shortfall.

Refilwe Moloto (in for The Money Show’s Bruce Whitfield) interviewed Mark Kingon.

Kingon is Group Executive - Tax Relationship Management at Sars.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

We need to encourage compliance and tax morality…

Mark Kingon, Sars

Since 2008… we’ve seen a decline in compliance…

Mark Kingon, Sars

We understand nobody likes paying more tax… but the country has needs…. you can’t keep on borrowing more and more to fulfil that…

Mark Kingon, Sars

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