Sars reaches its revised tax collection target for the financial year

On Monday, the South African Revenue Services (SARS) announced that it had managed to reach its revised tax collection target for the financial year, collecting R1.144-trillion.

Mark Kingon, Group Executive for Business and Individual Tax Relationship Management at the South African Revenue Services (Sars), spoke with Stephen Grootes, host of the Midday Report about reaching its tax collection target and complying with the Tax ombudsman investigation.

Had it been tough to reach the target?

Yes, look by anybody's books, R1.144-trillion is a large target to reach and it was all hands on deck from a Sars perspective to ensure that we do all possible to collect the amount due and needed for government.

Mark Kingon, Group Executive for Business and Individual Tax Relationship Management at the South African Revenue Services (SARS)

Stephen Grootes: I have to ask you about the alleged late payment of tax refunds. There's been a lot of talk about it, you and I have discussed it before. Did the money you may still have to pay out as part of refunds...play any part in you reaching your target here?

No it didn't....R181.4 billion was refunded in vat for the year to date. You'll recall previously when we spoke the difference was about nine percent, year on year. We are currently sitting on eight point six percent year on year growth in the vat refunds.

Mark Kingon, Group Executive for Business and Individual Tax Relationship Management at the South African Revenue Services (SARS)

We refunded four thousand refunds on the day.

Mark Kingon, Group Executive for Business and Individual Tax Relationship Management at the South African Revenue Services (SARS)

For the full interview on challenges facing SARS listen to the clip below:


This article first appeared on 702 : Sars reaches its revised tax collection target for the financial year


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