Miners� refunds pull down VAT income
Friday, February 26, 2016
According to Botswana Unified Revenue Service (BURS) VAT collections are estimated to decline from their original budget by P1.17 billion in the current financial year.
According to BURS communications specialist, Refilwe Moonwa for the period April to December 2015, the mining refunds stood at P1 billion because production from the mining sector is zero-rated hence they can claim refunds even when no output is being produced.
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...