SA may miss tax target – minister

South Africa’s tax take could well be lower than forecast this financial year, with a recession compounding problems at Sars, Finance Minister Nhlanhla Nene said.

Nene said tax avoidance and evasion would rise in any economy that was growing slowly and where taxes have been increased, and the fall in GDP would only worsen matters.

“Fixing our economy to ensure that it grows faster and in a more sustainable manner is therefore critical.” – Reuters