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SARS reaches trillion milestone

DG Mahlangu

The ANC is pleased to note that SARS has reached the one-trillion-rand threshold mark in its revenue collection efforts on Thursday 22 February 2018. It is encouraging that this is the third year in a row that SARS reached this milestone. In July 2017, the SARS set itself a revenue collection target of R1.265 trillion for the 2017/18 financial year and it has accordingly surpassed that target. It has also increased revenue target of R1.217-trillion.

The efforts of the SARS revenue management structures and the staff in all regions of the country should be acknowledged. With time they would be able to deliver the revenue needed by South Africa. Through this assistance, SARS will be able to provide government with the requisite fiscal space to free up resources for its developmental objectives, while allowing it to better manage the levels of debt we are facing.

I thank you

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