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Tito Mboweni should unleash Sars to bring home the tax bacon

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Agency should be able to fill critical vacancies to rebuild its capabilities and operate efficiently

. While SA desperately needs the institution to improve its enforcement capabilities, its budget has been cut. In the past year the commissioner indicated that the budget was cut from R10.2bn to R9bn. Due to the effects of the Covid-19 pandemic, the National Treasury has been cutting allocations to various departments to rein in expenditure and the budget deficit.

The budget deficit is ballooning for many obvious reasons, including an unprecedented drop in tax revenue collections expected in 2020/2021 compared with the prior budget. This is primarily due to A reduction in expenditure would potentially be the most efficient way to close the deficit, but increasing taxes could also play a significant role. In his supplementary budget presented earlier in the year Mboweni did indicate that he will be looking to increase taxes by R40bn over the medium term . As the country’s fiscal position has worsened since the presentation of the supplementary budget, it is reasonable to conclude that he will be more aggressive in increasing taxes.

 

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