Budget 2018

SARS must take some blame for revenue shortfall - Treasury

 2018-03-02 12:59 - Lameez Omarjee

 

Cape Town – The tax revenue gap is not only due to the poor economic cycle as SARS has asserted, but also due to administration and governance issues at the tax authority, Parliament heard.

At a briefing by National Treasury on the public inputs of Budget 2018 at Parliament on Friday, Treasury’s deputy director general on tax and financial sector policy Ismail Momoniat addressed the issue of the revenue gap.
At the Budget Speech last Wednesday, former Finance Minister Malusi Gigaba said the revenue shortfall was projected to be R48.2 bn.

                                                    SARS building in Krugersdorp. (Website)

Momoniat told the standing committee of finance (Scof) that there are issues in the revenue administration. “It is not true to say it is only the economic cycle. There are administrative challenges. That is why there is a commission of inquiry.”
He was referring to the commission of inquiry announced by President Cyril Ramaphosa to look into administrative and governance challenges at SARS.

Read more:
https://www.fin24.com/Budget/sars-must-take-some-blame-for-revenue-shortfall-treasury-20180302