Wednesday, January 26, 2011

South African Taxpayers up 73%

THE number of individual taxpayers in SA surged from 3,4-million in 2002-03 to 5,9-million in 2009-10, an increase of 73%, the South African Revenue Service (SARS) said yesterday.


The total number of companies registered for tax increased from 815000 in 2002-03 to 1,9-million in 2009-10 , an increase of 131%, a study released by the South African Institute of Race Relations (SAIRR) yesterday confirmed.

SARS collected R598,5bn for the 2009-10 financial year. While this was R8,1bn more than estimated at budget time in February, it was R27,07bn less than the R625,57bn collected in the 2008-09 financial year, a decline of 4,3%.

This was the first time in decades that total revenue was down.


The second-biggest contributor to state revenue in 2009- 10 was VAT , which contributed 25%. Corporate income tax contributed 23%.