BURS bemoans low response as tax amnesty nears end
Monday, June 20, 2022 | 1040 Views |
Eyes on the ball: Makgolo PIC: PHATSIMO KAPENG
The tax agency calculated that it was owed a total of P6.8 billion comprising P2.5 billion in principal tax as well as P4.3 billion in interest and penalties.
Under the amnesty, which kicked off on June 30 last year, taxpayers with outstanding obligations were given an opportunity to pay only the principal and have the interests and penalties wiped off their bills.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...