The South African Revenue Service (SARS) says that load shedding has taken a toll on tax collection, specifically Value-Added Tax revenue.
During a standing committee on finance on 19 April, the tax authority said that severe and frequent rolling blackouts had cost SARS up to R60 billion in tax collections.
The group’s chief revenue officer Johnstone Makhubu said that in the 2022 year, load shedding cost the group roughly R60 million; however, there is an immediate effect and a lag effect relating to the blackouts and tax collections.
Source: businesstech.co.za
