Budget Speech 2025

Madam Speaker, broadening the tax base and improving the administrative efficiency of the South African Revenue Service, allows us over time, to spread the tax burden more evenly and equitably.

With this in mind, SARS is allocated R3.5 billion in the current financial year and an additional R4 billion over the medium term.

By the end of February this year, SARS reported a significant increase in undisputed debt. This means billions of Rands are owed to the State.

The revenue collector has also detected 156 000 taxpayers who are not registered or have not filed despite their substantial economic activity.

I call on all South Africans to comply with the law and support SARS in its endeavour to collect the revenues that enable government to fund and provide critical services.

I also want to emphasise the importance of tax compliance.

I thank all compliant taxpayers who pay their fair share of taxes. I also encourage those that are not compliant to do the right thing.

The rewards of higher tax compliance and efficiency take time. Once again, the investments we make today in SARS will allow the collector the time to make improvements.