Only 6 000 new personal income taxpayers contributed tax last year

[rvZA]

The South African Revenue Service (SARS) collected 8.3% more personal income tax than in the past tax year, boosted by the 7.5% growth in employment numbers and the 5.3% increase in the country's wage bill.

Personal income tax (PIT) still makes up the biggest portion of all the tax revenues SARS collects - at 35.7% or R601.7 billion in rand terms in the 2022/23 tax year. SARS recorded a 4.53% increase in new PIT taxpayers, raising the active taxpayer base to just under 26 million.

Only 6 000 new personal income taxpayers contributed tax last year | Business

Although SA produces around 200 000 new graduates yearly, only 6 127 new taxpayers contributed to personal income tax last year.

www.news24.com

 

[rvZA]

Well done to the ANC. Creating only 6,000 tax payers last year out of a population of probably 65m people by now....

 

[Supervan II]

Well done to the ANC. Creating only 6,000 tax payers last year out of a population of probably 65m people by now....

The fish rots from the head down a.k.a. The fish stinks from the head, not the tail.

 

[Cosmik Debris]

And SARS threatens to lock up the few taxpayers they have for making a mistake on a form.

 

[rvZA]

And SARS threatens to lock up the few taxpayers they have for making a mistake on a form.

They are dumb idiots and have no idea how to deal with the current situation they are faced with, the same situation they have created. Unfortunately, we are all, along with government, sitting on the backseat of a runaway vehicle and there is nothing that can be done to prevent the upcoming collision.

 

[Cosmik Debris]

They are dumb idiots and have no idea how to deal with the current situation they are faced with, the same situation they have created. Unfortunately, we are all, along with government, sitting on the backseat of a runaway vehicle and there is nothing that can be done to prevent the upcoming collision.

To me, it's more like watching a high speed train wreck happening in slow motion. It's taken 30 years and the last carriages are about to be involved.

 

[dualmeister]

And how many emigrated?

 

[neoprema]

They will find a way to blame this on the west and colonialism somehow…

 

[tetrasect]

And soon the income of tens of thousands more will be gone, when we are hit with retaliatory sanctions after the ANC's retarded pro-Russian ban on exports to Poland.

 

[Oldfut]

It isn't good news but there are predictions that greedy SARS will collect somewhere between R10bn and R30bn MORE than predicted, mainly due to the resources mini boom. For how long??

Money pretty much already blown on government worker increases double what was "estimated".

 

[s0lar]

And soon the income of tens of thousands more will be gone, when we are hit with retaliatory sanctions after the ANC's retarded pro-Russian ban on exports to Poland.

I doubt anybody cares.

 

[rambo919]

It isn't good news but there are predictions that greedy SARS will collect somewhere between R10bn and R30bn MORE than predicted, mainly due to the resources mini boom. For how long??

Money pretty much already blown on government worker increases double what was "estimated".

SARS is targetting dormant companies, businesses behind on tax because of cash flow issues, low income non-registrants and pensioners. It's a one time boom that won't be repeated and will actually result in drastic reductions in future as it forces income generation to decline.

 

[TheChamp]

Gauteng the biggest contributor to 2022/23 tax revenue collection – Sars

Gauteng accounted for 58% of the revenue service's all-time high net collection of R1.69 trillion for the 2022/23 financial year.

ewn.co.za

 

[Mystic Twilight]

Just tax the poor [more], if they decrease the income threshold for taxable income they can get more tax money.

 

[Polymathic]

Just tax the poor [more], if they decrease the income threshold for taxable income they can get more tax money.

With the greatest income inequality in the world I doubt that will make an actual dent.

 

[grok]

And SARS threatens to lock up the few taxpayers they have for making a mistake on a form.

 

[vigras rojara]

SARS is targetting dormant companies, businesses behind on tax because of cash flow issues, low income non-registrants and pensioners. It's a one time boom that won't be repeated and will actually result in drastic reductions in future as it forces income generation to decline.

Not sure I'm following you here. How would targeting dormant companies (not trading, so no tax liability), low income earners who would have little to no PAYE liability and pensioners who similarly wouldn't be big contributors, lead to any kind of tax windfall?

 

[rambo919]

Not sure I'm following you here. How would targeting dormant companies (not trading, so no tax liability), low income earners who would have little to no PAYE liability and pensioners who similarly wouldn't be big contributors, lead to any kind of tax windfall?

Penalties and interest.

 

[Anony-mousse]

well done Mr. President and comrades, you really contribute to the betterment of this country. A whopping 6000 new tax payers, wow, what an incredible achievement, you should put that on your LinkedIn profiles you *** *******.

 

[DreamKing]

how many de-registered?

oh wait ... sars doesn't allow you to de-register ....