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South Africa\u2019s tax collection modestly beat estimates, boosted by stronger contributions from companies, personal income receipts and value-added tax, preliminary data show.<\/p>\n
The South African Revenue Service collected R2.010 trillion ($120 billion) on a net basis in the fiscal year through March, Commissioner Edward Kieswetter told reporters in Pretoria, the capital, on Wednesday.<\/p>\n
The amount collected was 8.4% higher than the previous financial year and slightly better than the National Treasury\u2019s estimate of R2.007 trillion in its budget review last month.<\/p>\n
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Surpassing that forecast will help support Treasury projections that government debt peaked as a share of gross domestic product in the 2025-26 fiscal year.<\/p>\n
Tax collection from corporates grew 9.9% to R355.5 billion, while revenue from domestic VAT rose 7.6% to R604 billion. Pay As You Earn income tax advanced 8.5% to R767 billion.<\/p>\n
\u201cThese results have been achieved despite the challenges of a sluggish economy, geopolitical tensions, global supply-chain disruptions, and the proliferation of the illicit economy,\u201d Sars said in a statement.<\/p>\n
The revenue agency is working with law-enforcement agencies to shut down illicit trading networks in the country that it estimates costs the state more than R100 billion in lost revenue every year, Kieswetter said.<\/p>\n
\u00a9 2026 Bloomberg<\/p>\n<\/p><\/div>\n