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BURS to plug multi-million pula fuel tax leaks

Friday, June 30, 2023 | 630 Views |

New deal: Richard-Madisa, Transport and Public Works permanent secretary, Bareng Malatsi and Makgolo at the MoU signing ceremony this week PIC: MBONGENI MGUNI

The Botswana Unified Revenue Service (BURS) has been appointed to collect all fuel levies and taxes at ports of entry into the country, as opposed to importers declaring their dues after sales, in order to plug leaks estimated to run into millions of pula each year.

The BURS will collect the National Petroleum Fund (NPF), the Road Levy Fund and the Security of Supply Margin, on top of the fuel levy which it already collects.

The move comes as reports from the local oil industry suggest that amounts ranging up to P100 million each year could be lost to shady practices such as under-pricing of products and non-declarations by fuel importers.

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BURS to plug multi-million pula fuel tax leaks

The Botswana Unified Revenue Service (BURS) has been appointed to collect all fuel levies and taxes at ports of entry into the country, as opposed to importers declaring their dues after sales, in order to plug leaks estimated to run into millions of pula each year.

Govt inks $4bn renewable energy deal with Indian firm

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Ramogapi, Palapye’s dapperly garbed legislators

Citizenship isn't for sale—Mokgware

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Micro-procurement maze demands urgent reform

Christmas tree charcuterie

Micro-procurement maze demands urgent reform