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SARS welcomes R17.1 billion rise in revenue estimate

Published

The South African Revenue Service (SARS) says the revised 2026/27 gross tax revenue estimate is now R2.144 trillion. It also reported R992.2 billion in net revenue collected in the year up to September.

Finance Minister Enoch Godongwana announced the revised estimate in Parliament at the Medium Term Budget Policy Statement on 21 October. SARS said the upward revision presents a challenge. It said the outlook excludes the fuel levy relief announced at the statement.

Gross collections in the year up to September were R1.231 trillion. Refund payments in that period were R239.1 billion. Net revenue collected in the 2025/26 financial year was R2.01 trillion.

SARS Commissioner Johnstone Makhubu said: "The year-to-date outcome demonstrates the resilience of South Africa’s revenue system." He said sustainable revenue growth depends on economic expansion, investment, job creation and broad-based compliance.

Compliance interventions have secured a preliminary R137.7 billion. SARS has 14 500 employees.

Key facts

Who
Johnstone Makhubu (Commissioner of the South African Revenue Service (SARS)); Enoch Godongwana (Finance Minister)
What
SARS welcomed the revised revenue estimate, raised by R17.1 billion to R2.144 trillion for 2026/27, which Finance Minister Enoch Godongwana announced in Parliament at the MTBPS. SARS also reported R992.2 billion in net revenue collected in the year up to September.
When
21 October 2026
Where
South Africa, Parliament
Status
Reported

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