Picture: FREDDY MAVUNDA The SA Revenue Service has released its preliminary revenue outcome for 2021/22, which shows collections of R1.564-trillion. Sars says collections have been buoyant due to a strong economic recovery, boosted by elevated commodity prices.
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Revenue boost : Upturn: SARS tax revenue grows 25.1% in 2021/22 FYSARS collected more than R1.5-trillion in tax revenue in 2021/22, a 25.1% increase over the previous year. The commodities boom and corporate earnings more broadly, was behind much of this flow. At least we know the increase wasn’t from the ANC paying its taxes.
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