{"id":2886,"date":"2026-04-01T14:07:55","date_gmt":"2026-04-01T14:07:55","guid":{"rendered":"https:\/\/stock999.top\/?p=2886"},"modified":"2026-04-01T14:07:55","modified_gmt":"2026-04-01T14:07:55","slug":"south-africa-tax-collection-beats-estimate-despite-tough-climate","status":"publish","type":"post","link":"https:\/\/stock999.top\/?p=2886","title":{"rendered":"South Africa tax collection beats estimate despite tough climate"},"content":{"rendered":"<p><\/p>\n<p>South Africa\u2019s tax collection modestly beat estimates, boosted by stronger contributions from companies, personal income receipts and value-added tax, preliminary data show.<\/p>\n<p>The South African Revenue Service collected R2.010 trillion ($120 billion) on a net basis in the fiscal year through March, Commissioner Edward Kieswetter told reporters in Pretoria, the capital, on Wednesday.<\/p>\n<p>The amount collected was 8.4% higher than the previous financial year and slightly better than the National Treasury\u2019s estimate of R2.007 trillion in its budget review last month.<\/p>\n<p>ADVERTISEMENT<\/p>\n<p>CONTINUE READING BELOW<\/p>\n<p>Surpassing that forecast will help support Treasury projections that government debt peaked as a share of gross domestic product in the 2025-26 fiscal year.<\/p>\n<p>Tax collection from corporates grew 9.9% to R355.5 billion, while revenue from domestic VAT rose 7.6% to R604 billion. Pay As You Earn income tax advanced 8.5% to R767 billion.<\/p>\n<p>\u201cThese results have been achieved despite the challenges of a sluggish economy, geopolitical tensions, global supply-chain disruptions, and the proliferation of the illicit economy,\u201d Sars said in a statement.<\/p>\n<p>The revenue agency is working with law-enforcement agencies to shut down illicit trading networks in the country that it estimates costs the state more than R100 billion in lost revenue every year, Kieswetter said.<\/p>\n<p>\u00a9 2026 Bloomberg<\/p>\n<p>                        #South #Africa #tax #collection #beats #estimate #tough #climate<\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Africa\u2019s tax collection modestly beat estimates, boosted by stronger contributions from companies, personal income&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[2364,3443,462,716,4662,322,227,4799],"_links":{"self":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/2886"}],"collection":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2886"}],"version-history":[{"count":0,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/2886\/revisions"}],"wp:attachment":[{"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}