US EditionSouth Africa: Siyabonga, South Africa! SARS Collects Historic R2 Trillion Net Revenue
- On Wednesday, SARS Commissioner Edward Kieswetter announced the agency collected a historic R2.010 trillion in net revenue for the 2025/26 financial year, the first time crossing this threshold in its history.
- The milestone highlights dramatic acceleration in revenue scaling; SARS took just 10 years to double collections to R2 trillion compared to 22 years for the first R1 trillion, signaling structural improvements in tax administration and digital transformation.
- Kieswetter credited over 14,500 employees for the results, with Personal Income Tax generating R794 billion and VAT contributing R500 billion; a tax buoyancy ratio of 1.73 indicates revenues grew faster than the economy.
- While processing R458 billion in refunds to support households, SARS is aggressively targeting illicit trade; Kieswetter warned the cost of the illicit economy is "paid by society at large" as the agency clamps down.
- Kieswetter's tenure as Commissioner concludes at the end of the month, marking the final chapter of his leadership; his successor is expected to be announced shortly to build on the foundation established over seven years.
12 Articles
12 Articles
South Africa: Siyabonga, South Africa! SARS Collects Historic R2 Trillion Net Revenue
[SAnews.gov.za] The South African Revenue Service (SARS) Commissioner Edward Kieswetter has thanked the nation's compliant taxpayers after the revenue service recorded a historic R2 trillion in net tax collections for the 2025/26 financial year.
The South African
SAnewsSiyabonga, South Africa! SARS collects historic R2 trillion net revenue
The South African Revenue Service (SARS) Commissioner Edward Kieswetter has thanked the nation’s compliant taxpayers after the revenue service recorded a historic R2 trillion in net tax collections for the 2025/26 financial year.Kieswetter announced the record-breaking collections during a presentation of the preliminary revenue outcome for the financial year on Wednesday. Unprecedented collections He emphasised that the unprecedented collection…
Sars collects more than R2-trillion in tax for the year
By Selloane Ntshonyane The South African Revenue Service collected R2.01-trillion during the 2025/26 year which is an 8.4% increase from the previous year. Tax officials said the high collection helped the government avoid increasing VAT which would have hurt many struggling South African households. The South African Revenue Service (Sars) has announced that it collected about R2.01-trillion for the 2025/26 financial year. This amount is hig…
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