Wealth tax debate reignites as BURS targets P48bn
Friday, March 04, 2022 | 3530 Views |
The tax target for the upcoming financial year is compared to the P42 billion the BURS was charged with collecting in the 2021-2022 financial year. By December, the tax agency had raked in P38.5 billion, setting it on course to reach the target.
Finance ministry documents indicate that of the total taxes due in the upcoming financial year, P8.5 billion are classified as assessed income taxes, which include the taxes filed by individuals and companies through tax returns. Value Added Tax is expected to increase to P11.2 billion in the upcoming financial year, compared to P10.8 billion in 2021-2022.
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...