Cape Town - Tax revenue collection has not recovered much
from the 2009 economic slump, SA Revenue Service (Sars) spokesperson Adrian
Lackay said on Monday.
Lackay and a Sars team released the latest tax statistics in
They showed that R742.6bn in revenue was collected in
2011/12, almost R4bn higher than Finance Minister Pravin Gordhan predicted in
his February budget speech.
However, the tax-to-GDP ratio had remained stagnant compared
to the figures in 2009, when business and profits in the country were
constrained by the global economic crisis.
"The tax-to-GDP ratio in 2008 bordered below 28%, went
down to 24.5% the following year, and is now sitting at 24.6%," said
This meant companies were still reeling from the
after-effects of the constrained economic activity which followed the downturn.