‘Restructuring efforts responsible for Sars' R1 trillion collection’
Tom Moyane announced that Sars collected more than R1 trillion in taxes during the 2015/2016 fiscal year.
JOHANNESBURG - The South African Revenue Service (Sars) Commissioner Tom Moyane says restructuring efforts are partly responsible for the revenue service reaching its highest revenue target to date.
Last week, Moyane announced that Sars collected more than R1 trillion in taxes during the 2015/2016 fiscal year.
Restructuring operations, which were initiated in October last year, were intended to overhaul Sars' operating model, IT system and personnel structure.
However, the process was halted by Finance Minister Pravin Gordhan to assess the implications of the project.
Moyane says Sars' ability to reach its target indicates that the revenue service is being managed properly.
"It was a collective effort of the leadership including the establishment of what we call the group executive revenue forum. I'd like to believe the results that were posted are a measure of the fact that it is being managed properly and it's in good hands."
R399 billion was collected from Personal Income Tax payers.
Moyane says they have done excellent work in the past year with a system that works.