• Nene's SAA nemesis

    No political figure seems to have the guts to speak out against Dudu Myeni, says Solly Moeng.

  • The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

  • Don't take us for fools

    It's time for businesses to stop thinking consumers are gullible, says Mandi Smallhorne.

All data is delayed
See More

Sars records 10% revenue rise

Apr 02 2013 16:21

Pretoria - The SA Revenue Service (Sars) collected 9.6% more tax last year than the year before, Finance Minister Pravin Gordhan said on Tuesday.

Speaking in Pretoria on revenue collected during the 2012/13 fiscal year which ended on March 31, he said total revenue was R814.1bn. This was 9.6% higher than the R742.6bn collected during 2011/12. It was also R4bn above the 2013 revised estimate.

Sars had performed well, given the current global economic environment and domestic supply side disruptions, Gordhan said.

The disruptions were mainly in the mining sector, which led to a moderation in economic growth from 3.5% in 2011 to 2.5% in 2012.

The three main revenue contributors were personal income tax, corporate income tax, and value added tax (VAT).

Total collections on personal income tax were R276.8bn, up by 10.1% compared to the previous financial year’s R251.3bn. This was R2bn (0.7%) more than the 2013 revised estimate.

Corporate income tax collections grew by 5.1% (R7.8bn) to R161.1bn, compared to the previous year’s revenue of R153.3bn. This figure was 2.1% (R3.4bn) above the revised estimate in the 2013 budget.

Collections from VAT rose by 12.8%, to R215.5bn, when compared to last year’s R191bn. VAT receipts were marginally lower by R1.6bn (0.7%) against the revised estimate in the 2013 budget.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

income tax  |  sars


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote