SARS to concentrate on revenue collection

Kieswetter said three major contributing factors have led to the reduction in revenue, namely, the job market, general economic activity, and income tax.

The SARS commissioner said almost R13-billion has been lost as employment taxes have decreased with the contracting job market.Another major loss of income is from the reduction in economic activity caused by the lockdown and also global trade restrictions.

Source: News Formal (newsformal.com)

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