FOR THE financial year ending March 31, SARS (SA Revenue Services) reports a total revenue of R219.7-billion.
This was R7.5bn (3.5%) up on the revenue target of R212.2-bn, and R4.2-bn (1.9%) more than the revised estimate.
Customs duties also significantly exceeded the budgeted amount. They were approximately R 1.577-bn more than the printed estimate - mainly due, said SARS, to increased import values during 2000.
This was indicated by the 28.8 % increase in the value of imports during 2000/2001 - well over the 3.3 % growth recorded for the previous financial year.
Rocketing oil prices and a declining rand exchange rate are the two main factors in this value growth.
SARS customs duties exceed budgeted figure
03 May 2001 - by Staff reporter
0 Comments
FTW - 3 May 01
03 May 2001
03 May 2001
03 May 2001
03 May 2001
03 May 2001
03 May 2001
03 May 2001
03 May 2001
03 May 2001
Border Beat
25 Mar 2024
06 Mar 2024
Featured Jobs
New