Tax statistics tell a story in challenging times!
The 2017 Tax Statistics publication for South Africa was released by SARS and National Treasury in December 2017.
On the one hand, this publication tells a success story of Tax revenue collection which has more than doubled in the past decade, growing from R572.8 billion collected in 2007/08 to R1 144.1 billion in 2016/17.
On the other hand, it certainly has been challenging times for taxpayers. More specifically, companies have experienced many difficult tax times in the past 10 years.