PRETORIA - The South African Revenue Service has announced that it has collected more than R2 trillion for the first time, up from R1.8 trillion.
As of 31 March 2026, SARS collected net revenue of R2 010.3 billion in the previous fiscal year, representing 8.4% growth, surpassing the 5.4% nominal GDP growth.
It is also for the first time in three decades that SARS has surpassed its target.
The revenue service has collected R24.7 billion more than expected.
The increased revenue is attributed to stronger compliance.
Personal income tax and Value-Added Tax (VAT) remain the contributors to the revenue.
SARS Commissioner Edward Kieswetter says this revenue announcement is no ordinary one.
Kieswetter says taxpayers should realise it is a privilege to contribute to the fiscus.