BURS exceeds targets: Is everyone carrying their fair share?
Friday, April 05, 2024 | 550 Views |
Raking revenues: The BURS broke historical records with its collections in the 2023-24 financial year PIC: MORERI SEJAKGOMO
BURS Commissioner-General, Jeanette Makgolo, is adamant that compliant taxpayers are not being penalised for being compliant.
It is an uncomfortable conversation to have in a week where the BURS is in celebratory mode after recording their highest-ever collections in history. The BURS raked in a total of P59.6 billion for the 2023–2024 financial year that closed on March 31, surpassing their target by P367 million.
That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...