SARS turns to AI and big data to reach R1. 986 trillion tax target
The South African Revenue Service (SARS) has announced its intention to utilise artificial intelligence (AI) and data analytics to help achieve the revised revenue target set by Finance Minister Enoch Godongwana on Wednesday.
Delivering his third national budget speech, Godongwana allocated R7.5 billion over the next three years to enhance SARS's revenue collection capabilities and modernise its systems.
In his address, Godongwana said that the government aims to collect approximately R1.986 trillion in taxes during the 2025/26 financial year.
This comes after SARS's recent (unaudited) results for the 2024/25 financial year, which showed that it collected R1.86 trillion R8.9 billion more than expected.
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