BURS confident of reaching P60bn target

Each financial year, the Finance ministry sets the tax agency a target for collections, based on economic conditions, policy initiatives such as an increase in rates and other considerations. This year, tax earnings are expected to contribute up to 70% of the country’s budget revenues, which are currently estimated at P82 billion.

Briefing the media last Thursday, BURS commissioner-general, Jeanette Makgolo, said the agency was on track to reach the target set by fiscal authorities for this financial year.