Tax collection falls short by R53bn; but Caesar is watching
Biznews Radio
English - October 30, 2019 15:56 - 3 minutes - 3.55 MBInvesting Business News Business News Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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There has been a R53bn shortfall in tax collection in the 2019/2020 financial year with the largest revision coming from personal income tax of R25.3bn. This was revealed by Finance Minister Tito Mboweni in his mid-term budget. SARS commissioner Edward Kieswetter said it was a function of the performance of the economy and said they were making progress in rebuilding the South African Revenue Service. Mboweni added that taxpayers should ‘render unto Caesar what belongs to Caesar or he is going to break your bones’. - Linda van Tilburg