BURS laments outdated tax legislation
Thursday, November 13, 2014
Speaking at the Commonwealth Association of Tax Administrators BURS Commission in Gaborone, BURS Internal Revenue Division commissioner, Segolo Lekau, said the current legislation could not keep with modern business practices. “The current legislation is unable to keep up with modern business.
There are no transfer pricing regulations or legislation and there is no specific capital gains legislation,” he said. Transfer pricing happens whenever two companies that are part of the same multinational group trade with each other.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...