Latest News & Developments
edward kieswetter
SA Revenue Service collects record revenue ahead of Budget vote
ars has set a new benchmark by collecting R2. 303 trillion in gross revenue for the 2024/25 fiscal year, surpassing expectations just before the crucial Budget vote. This achievement not only reflects the agency's efficiency but also promises significant benefits for taxpayers and the economy.
570 wealthy South Africans contribute half of R8bn tax revenue, reveals SARS
SARS Commissioner reveals that just 570 wealthy individuals contribute nearly half of South Africa's R8 billion tax revenue, while discussing the complexities and challenges of implementing a proposed wealth tax. Kieswetter emphasises the need for clear definitions and robust administration systems before any new tax measures can be introduced.
SARS commissioner welcomes R7. 5 billion funding to boost tax collection
SARS secures R7. 5 billion investment to revolutionise tax collection through AI and machine learning, while Commissioner Kieswetter outlines plans to combat tax evasion and strengthen economic recovery. The funding marks a significant shift towards modernised revenue collection in South Africa.