Charles Molele
The SA Revenue Services Commissioner Edward Kieswetter on Tuesday said the novel coronavirus national lockdown has led to a huge decline in revenue tax collection to the tune of R285 billion, piling anguish on an already battered South African economy.
Kieswetter was briefing the joint Standing and Select Committees on Finance in Parliament along with National Treasury on the strategic annual performance plans and budget for the 2020/2021 financial year.
He said the pandemic has had a huge impact on tax revenue collection, adding that in April this year revenue collections fell 8.8% year-on-year to R9 billion as a result of the pandemic and measures to contain its spread.
“Whilst it is early days, our initial view is that revenue performance will be lower than the February Budget announcement by between 15%-20%. This means that revenue under-recovery could move up to R285 billion,” said Kieswetter.
“A major concern
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