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Sars announces huge improvement in tax compliance

SA Revenue Services (Sars) commissioner Oupa Magashule has announced that South Africa experienced a massive increase in tax compliance over the last financial year, despite the recession. Magashule said that voluntary compliance had grown by 21 percentage points year on year, and that Sars had collected R8.4bn more than it had anticipated. Sars' electronic submission system had proved popular, with 93% of submissions being filed online, and only 270 000 manual returns submitted. Read more: Fin24


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