Personal Income Tax (PIT) and Corporate Income Tax (CIT) were consequently revised down by R3.97 billion and R1.739 billion, respectively, between February 2012 and during the tabling of the MTBPS in October 2012. This was in line with lower commodity prices and mining strikes. Meanwhile Value Added Tax (VAT) and customs duties revenue were revised slightly up during the first half of 2012/13. Gross tax revenue is projected to remain muted during 2012/13 but improve during the third year of the MTEF as economic conditions strengthen. The forecast for 2013/14 financial year grostax revenue amounts to R901.392 billion, a nominal increase of R79.991 billion from 2012/13.