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SARS: Annual Report 2024/2025
- 13 November 2025
- Miscellaneous
- South African Accounting Academy
Summary:
The South African Revenue Service (SARS) has published its Annual Report for the 2024/2025 period.
Article:
The SARS Annual Report for 2024/2025 shows that the organisation collected a record gross revenue of R2.303 trillion and a net revenue of R1.855 trillion, exceeding its revised estimate. This was achieved despite a weak economy, with strong collections driven by personal income tax and successful compliance programs that generated R304 billion. The report also highlights record-high refunds paid (R447.7 billion) and improved efficiency in administrative activities, such as debt collection and verifications, partly due to AI-driven risk profiling.
Contents of the Annual Report:
- Part 1. General information
- Part 2. Performance information
- Part 3. Governance & Risk Management
- Part 4. Human Capital & Development
- Part 5. PFMA Compliance Report
- Part 6. Financial information
The Strategic Plan End-Term Report for 2020 – 2025 is also available at https://www.sars.gov.za/strategic-plan-end-term-report-2020-2025/
Click here to download the 181-page Annual Report:
Relevance to Auditors, Independent Reviewers & Accountants:
- As an auditor and independent reviewer, you need to be aware of the latest publications by SARS.
- Taxpayers should stay up-to-date with the latest developments mentioned in publications issued by SARS.
Relevance to Your clients:
- Taxpayers should stay up-to-date with the latest developments mentioned in publications issued by SARS.