SARS THE GOOD NEWS STORY
Pretoria, 23 September 2016 - We have noted the continued and sustained media attacks on the integrity of SARS and the Commissioner, Tom Moyane, on blanket malicious allegations that cannot be substantiated by facts.
The insinuation that the Commissioner is breaking the organisation is malicious and meant to denigrate and attack the institution (see FM story).
For two consecutive years, 2014/15 and 2015/16, SARS managed to outperform the economy: crowned by the collection of the historical amount of over R1-trillion revenue in the 2015/16 financial year. The media is failing to acknowledge and recognise the achievements of SARS under the leadership of Commissioner Moyane. These include:
The collection of over R1 trillion by SARS in the 2015/16 financial year helped to reduce the country’s deficit. This also contributed to SA avoiding a rating agency downgrade.
Despite SA facing declining GDP growth, revenue collections in 2015/16, SARS outperformed the economy representing a growth of 8.5% from the 2014/15 fiscal year and increasing the estimated tax to GDP ratio from 25.8% in Budget 2015, to 26,3% as projected in Budget 2016.