Taxman eyes P41bn inflows for 2019


Tighter collections and stronger support to the economy due to higher government spending, are expected to help the taxman rake in up to P41 billion in the coming financial year, BusinessWeek has learnt.

The target is about four percent, or P1.4 billion higher than the estimates of what the Botswana Unified Revenue Service (BURS) is expected to have collected when the current financial year ends on March 31.  The draft estimates are contained in a brief from the Finance Ministry circulated this week as part of the budget approval process by the National Assembly.

According to the draft, income tax collections are expected to increase by about P1.1 billion in the coming year to P17.9 billion, while Value Added Tax should rise by P660 million to P9 billion.

Editor's Comment
Our queen: Bring home the crown

Well-wishers gathered at the Sir Seretse Khama International Airport to bid our queen farewell and wish her success as she joins other beauties from around the globe for the coveted crown. Competing in such events is nerve-wracking, and one needs to be fully prepared to stand a chance of making it as a finalist.It is not just about physical fitness; mental state matters too. Unfortunately, sometimes our queens end up facing such fierce...

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