Sars reveals tax revenue collection doubled in last decade

The revenue service released the Tax Statistics Bulletin for 2017 on Tuesday morning, where it revealed that collection had grown by over R74 billion year on year.

SARS executive Randall Carolissen addresses the media during the release of the annual Tax Statistics Bulletin. Picture: @SAgovnews/Twitter

JOHANNESBURG – The South African Revenue Service (Sars) says that tax revenue collection has almost doubled in the past 10 years with over R1.1 trillion collected.

The revenue service released the Tax Statistics Bulletin for 2017 on Tuesday morning, where it revealed that collection had grown by over R74 billion year on year.

Sars says it's collected over R8 trillion in the last decade.

The collection was mainly supported by personal income tax which grew by 9.4%.

The second largest contributor is VAT (value added tax) which accounted for over 26% of revenue, closely followed by corporate income tax which recorded a steady decline over the past decade.

Some of the smaller contributors include import VAT which accounted for 13% and customs duties constituting 4%.

(Edited by Shimoney Regter)