South Africa collected R1.25-trillion in tax revenue in the financial year ended March 2021, around 12% less than the government's original target of R1.425-trillion, the revenue service said on Thursday. The initial 2020/21 target was set by the National Treasury before the coronavirus pandemic struck in March last year. Treasury revised the estimate down to R1.112-trillion in October, but then upped it to R1.212-trillion in the February 2021 budget. The South African Revenue Service (Sars) said improved economic activity, higher collections company tax, especially mining firms, and greater tax compliance, had led to better collection than the February target.
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