Taxes collected by the South African government for November 2021
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Category: Public finances and taxes
Date: 18 January 2022 We take a look at the latest tax numbers published by the National Treasury and focus on the taxes collected during the month of November 2021. The fact that South Africa has not tightened lock down restrictions bodes well for the tax collection numbers for November and December 2021
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Tax revenues collected for November 2021
In November 2021 total taxes collected on profits and income came in at R47.405 billion compared to R42.477 billion collected in November 2020. That is a very strong increase of 11.6% over the last 12 months. So which category contributed the most to this increase in taxes collected? Below we show the main categories as well as the amount of taxes collected and the growth in each category over the last 12 months.
November 2021 November 2020 % change
November 2021 November 2020 % change
- Personal Income tax (PIT) R41.653 billion R38.487 billion 8.2%
- Employee tax R44.97 billion R40.8 billion 10.2%
- Employee tax R44.97 billion R40.8 billion 10.2%
- Tax on Corporate Income (CIT) R1.903 billion R2.142 billion -11.1%
- Withholding tax on dividends R3.4 billion R1.52 billion 123.7%
- Withholding tax on dividends R3.4 billion R1.52 billion 123.7%
- Other R271 million R283 million -4.2%