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BURS sets sights on P61bn tax target

Friday, February 24, 2023 | 330 Views |

At the helm: BURS Commissioner General Jeanette Makgolo and her team are set to comfortably exceed the tax target for the 2022 fiscal year PIC: PHATSIMO KAPENG

An economic rebound in the region and resurgent customs union revenues could help Botswana Unified Revenue Service (BURS) collections to as much as P61 billion in the forthcoming financial year, more than 25% higher than the current year, BusinessWeek has learnt.

Generally, mineral taxes anchor the country’s tax receipts but for the 2023–24 fiscal year, the customs union revenues will take centre stage, rising to about P25 billion from P14.4 billion in the current financial year.

The latest forecasts are contained in draft Finance Ministry estimates made available after the recent budget speech by Finance minister, Peggy Serame.

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BURS sets sights on P61bn tax target

An economic rebound in the region and resurgent customs union revenues could help Botswana Unified Revenue Service (BURS) collections to as much as P61 billion in the forthcoming financial year, more than 25% higher than the current year, BusinessWeek has learnt.