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In the 2018/19 fiscal year SARS collected R 1 287.7 billion (equivalent to US$ 86.4 billion) [5] in tax revenue, a figure R71.2 billion (or 5.8%) more than that from the previous fiscal year. In 2018/19 financial year, South Africa had a tax-to-GDP ratio of 26.2% that was only slightly more than the 25.9% in 2017/18.
sars .gov .za. The South African Revenue Service ( SARS) is the revenue service of the South African government. It administers the country's tax system and customs service, and enforces compliance with related legislation. [2] It is governed by the SARS Act 34 of 1997, which established it as "an organ of state within the public administration ...
Sars efiling. SARS eFiling is the official online tax returns submission portal for the South African Revenue Service launched originally under a different name and business model in 2000 [1] by private sector companies. These private sector companies charged an average fee of R46 per transaction for this service.
Pravin Jamnadas Gordhan (born 12 April 1949) is a politician and anti-apartheid activist who has held various ministerial posts in the Cabinet of South Africa.He served as Minister of Finance from 2009 until 2014 and again from 2015 until 2017, as Minister of Cooperative Governance and Traditional Affairs from 2014 until 2015, and as Minister of Public Enterprises since February 2018.
A pay-as-you-earn tax ( PAYE ), or pay-as-you-go ( PAYG) in Australia, is a withholding of taxes on income payments to employees. Amounts withheld are treated as advance payments of income tax due. They are refundable to the extent they exceed tax as determined on tax returns.
The South African Secret Service ( SASS) was the previous name of a South African intelligence agency. Currently, it is known as the Foreign Branch of the State Security Agency. It is responsible for all non-military foreign intelligence and for counterintelligence within the Service itself. It is also responsible for gathering, correlating ...
These allegations and investigations led to his suspension on 19 March 2018 by South Africa's president Cyril Ramaphosa, who cited a need to "restore the credibility of SARS without delay" after Moyane's leadership compromised the organisational and financial position of SARS.
The National Treasury is one of the departments of the South African government. The Treasury manages national economic policy, prepares the South African government's annual budget and manages the government's finances. Along with the South African Revenue Service and Statistics South Africa, the Treasury falls within the portfolio of the ...