{"id":76091,"date":"2024-04-22T00:00:00","date_gmt":"2024-04-22T00:00:00","guid":{"rendered":"http:\/\/dailysouthafrica.com\/?guid=b806a922efe7ae17bce7b678c518ac55"},"modified":"2024-04-22T00:00:00","modified_gmt":"2024-04-22T00:00:00","slug":"cabinet-welcomes-r2-155-trillion-in-tax-returns","status":"publish","type":"post","link":"https:\/\/dailysouthafrica.com\/cabinet-welcomes-r2-155-trillion-in-tax-returns\/","title":{"rendered":"Cabinet welcomes R2.155 trillion in tax returns"},"content":{"rendered":"
\nCabinet has commended the millions of taxpayers who have filed their tax returns to help the South African Revenue Service collect tax revenue of R2.155 trillion for the 2023\/24 financial year.<\/p>\n
‘This is R52 billion more than the previous year and demonstrates the robustness of the local economy, despite challenging local and international conditions,’ a Cabinet statement said on Monday.<\/p>\n
The increased revenue helps government to fund the country’s service delivery projects and other socio-economic development programmes.<\/p>\n
Cabinet held a special Cabinet Meeting on Wednesday, 10 April 2024.<\/p>\n
Since its inception, SARS has collected R21.6 trillion in net tax revenues. The R21.6 trillion tax collections represents a compound growth of 9.9% per year since the inception of SARS in 1997.<\/p>\n
This has funded the South African democracy and touched the lives of millions who would be destitute without government support and services.<\/p>\n
Source: South African Government News Agency<\/p>\n","protected":false},"excerpt":{"rendered":"
Cabinet has commended the millions of taxpayers who have filed their tax returns to help the South African Revenue Service collect tax revenue of R2.155 trillion for the 2023\/24 financial year.<\/p>\n
‘This is R52 billion more than the previous year and dem…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"yoast_head":"\n