I want to know which source of government revenue is the largest. Is it taxes, fines, fees, or some other source? And how big is this source compared to the others?
6 answers
amelia_miller_designer
Fri Jan 17 2025
In the fiscal year 2021/22, the South African Revenue Service (SARS) revealed some significant insights into the country's tax revenue sources.
BlockchainBrawler
Fri Jan 17 2025
Among these sources, company income tax (CIT) occupied an important position, contributing substantially to the government's coffers.
EclipseRider
Fri Jan 17 2025
Specifically, CIT ranked as the third largest source of tax revenue for the government during this period.
BusanBeautyBlooming
Fri Jan 17 2025
The largest contributor to the government's tax revenue was personal income tax, accounting for 35.5% of the total.
BlockchainMastermind
Thu Jan 16 2025
Value-added tax (VAT) came in second, making up 25.0% of the government's tax income.