Tax authority exceeds target
Dr Khaketla said the government would continue to increase the target annually in response to the diminishing SACU revenues. During her national budget presentation in February this year, the minister said revenues from the customs union, whose members also include Botswana, Namibia, South Africa, and Swaziland are set to decline from 23 percent to 17 percent of gross domestic product in the 2016/17 financial year. She said the total revenue target for the 2015/16 financial year was M14.405.7 million, of which SACU recorded M6 398.2 mil- lion.
However, in the 2016/17 budget, Dr ‘Khaketla projected a total revenue of M15.473.8 million, of which SACU receipts accounted for M4.593.8 million.
“We are gradually increasing it (the target) because domestic revenue is critical. SACU, which is the main contributor to the fiscus, is declining,” she said.
“If you were listening to the budget speech, the SACU revenue last year was M6 billion, but this year it is M4 billion. That is why we have to find ways of increasing our domestic revenues.”
On his part, LRA Acting Commissioner-general, Advocate Realeboha Mathaba, said while they had exceeded their target, there was always room for improvement. He
said among other initiatives the revenue authority was effecting was the modernising of its services and training of personnel.
“While we have been consistently exceeding our targets, there is still room for improvement as far as our service is concerned,” said Adv Mathaba.
“We are committed to modernising our processes and in capacitating our staff in order to improve the services we provide to our people.”
He said despite the challenges associated with the non-compliance of some taxpayers, there was a marked improvement in the numbers of people registering, filing and paying their taxes on time.