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Economy

SA tax take rises over 6% in 2024/25 fiscal year

Date: Apr 1, 2025

South Africa (SA) collected a net 1.855 trillion rand ($101.02 billion) of tax in the fiscal year that ended on March 31, more than 6% higher than the previous year, preliminary figures showed this Tuesday.

The South African Revenue Service (SARS) said collections were robust from the finance, community, wholesale and construction sectors.
The reform implemented last year allowed fund members to make partial withdrawals from their pension funds before retirement to help those members in financial distress.

--Reuters--