SARS 2019 Tax Statistics Report
South African Revenue Service (SARS) 2019 Tax Statistics Report highlights the fragility of the South African revenue collection ecosystem, which states that South Africa is heavily reliant on a relatively small base of taxpayers to generate the majority of the country's revenue collections. The report shows that in South Africa, personal income taxes, value-added tax (VAT) and corporate income taxes collectively account for approximately eighty-percent of the total tax revenues of the country. Of the revenue collected during the 2018/19 fiscal year, personal income taxes continue to be the main contributor to our country's tax coffers, contributing a total of thirty-eight-point-three-percent of the total tax revenues. Alex Gwala, Director in the Global Business Tax Services, and Innovation Leader for Africa Tax & Legal and Mining Tax Specialist, Deloitte, speaks to Channel Africa's Lebogang Mabange.