BURS trims tax collection forecast by P7bn
Friday, October 30, 2020
Ministry of Finance and Economic Development estimates in February indicated that the BURS was expected to rake in at least P44.4 billion across the various tax lines it collects on behalf of government.
However, since then, the coronavirus (COVID-19) has played havoc with the taxman’s projections. The collapse in business activity has meant lower corporate and income taxes, while strained consumers and disposable incomes have affected the levels of Value Added Tax (VAT) accruing to the state.
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...