n Tax Breaks Newsletter - SARS exceeds its expectations but wants more : tax collections
|Article Title||SARS exceeds its expectations but wants more : tax collections|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Publication Date||May 2006|
|Pages||4 - 5|
Extracted from text ... Moneyweb's TAX BREAKS Coopers. ?? as interest. TAX COLLECTIONS SARS exceeds its expectations but wants more By MONIQUE VANEK THE SOUTH African Revenue Service has not only met its "417 challenge", but exceeded it. The "417 challenge" was the R417bn tax collection target set by SARS for the 2005/06 tax year. Finance Minister Trevor Manuel announced that by midnight on Friday, March 31 2006, SARS had collected R418.116bn from taxpayers. This, said Manuel, "is more than R1bn above the revised 2006 Budget estimate of R417bn and R45.3bn more than the original printed estimate of R372.8bn." To do this, SARS had ..
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