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Treasury’s expectations of Sars: attainable or unrealistic?

Sars has been missing the target set by Treasury since 2015, by as much as R57bn.

Over the last five consecutive years, the revenue targets that National Treasury has set for Sars to achieve, have evidently been too high, with the gap between revenue expected and that actually collected in a given year increasing by a large margin. The deficit is currently at 4.3% for the 2018/19 fiscal year, collecting R1.28 trillion, compared to an original target of R1.34 trillion.

Tertius Troost, tax manager at Mazars, speaks to Nompu Siziba about whether Treasury needs a reality check to set better and more realistic revenue targets.

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