22 May 2014
Posted by: Author: SAIT Technical
Author: SAIT Technical
We are pleased to announce that SAIT attended the workshop on the SARS 2013 Tax
Statistics on 21 May 2013. This is a joint publication between National Treasury and the
South African Revenue Service (SARS).
The purpose of the workshop was to access the requirements of both current and potential users of this publication. Planned additions for inclusion into the nest edition of Tax Statistics was also shared and discussed at this engagement.
There is a growing
acceptance by the media, researchers and policymakers of the intrinsic value
that credible tax statistics provide in promoting a far richer and fact-based
discourse on fiscal policy. This not only improves policy formulation and
informed assessments thereof, but it also
promotes a culture of transparency on fiscal affairs as generally advocated for
by the provisions of Section 32 in the Bill of Rights in the Constitution and
by the Promotion of Access to Information Act.
The tax statistics once again confirm the responsiveness of
the South African tax administration system. All taxes with the exception
of Corporate Income Tax (CIT) rebounded strongly from the slump in collections
observed during the recession. CIT remains depressed though largely due to the many companies still carrying
assessed losses incurred from which they
have not yet recovered fully to the levels
preceding the recession.
The Tax Statistics also show a
strong growth in the taxpayer register. By working with these
statistics interesting trends in employment and income dynamics are being
Over the past five years the tax statistics publication has
grown considerably in content and quality and has been increasingly referenced
and used by the media, academics, economics, market analysts and various
government and non-governmental organisations.
Future developments with regard to tax statistics include
- Graphs on assessed
individuals by magisterial district, based on residential information of
assessed tax payer.
- The impact of medical
credits on taxable income. The introduction of medical credits resulted
in increases in taxable income as the relief is now granted as a tax credit as
opposed to a deduction against income. The average effective tax rate for
individuals in 2013 is therefore lower than the averages of the 2012 and prior
years. This is important to note if comparisons are performed over a
number of tax years.
- A table will be included that sets out the number of
transactions as well as property values and transfer duty in property value
groupings for those properties subject to transfer duty.
- A table of diesel claims form vendors that are registered for diesel
rebates will be introduced that sets out claims in value groupings with
distinctions between the three types of claimants (on land, off shore, and
- A table providing a breakdown of the different
components of the fuel levy will be provided.
- A table that combines the contributions of the
different tax types by sector will be compiled for possible inclusion in the
- Statistics based on tax certificates issued to
individuals that will cover below-threshold earners and non-assessed tax
A further interesting development is the tracking of
individual taxpayers that have been assessed
for 10 continuous years. To illustrate
the movement of taxpayers’ taxable income and their tax liability (tax payers
should be below 65 year of age in the 2013 tax year) taxpayers that have been
assessed for all the tax years(2004 to 2013)
have been identified and an analysis on this will be included in the next tax
Please click here to view the highlights.
Please click here to view full publication and tables.