Taxman eyes P41bn inflows for 2019

BURS
BURS

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.

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