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BURS exceeds targets: Is everyone carrying their fair share?

Friday, April 05, 2024 | 510 Views |
Raking revenues: The BURS broke historical records with its collections in the 2023-24 financial year PIC: MORERI SEJAKGOMO
Raking revenues: The BURS broke historical records with its collections in the 2023-24 financial year PIC: MORERI SEJAKGOMO

The last tax gap analysis done by the BURS showed that up to 60% of people who should be paying tax are dodging their dues. This week’s announcement of record P59 billion collections for 2023 that beat set targets, suggests the compliant are carrying a heavy load. Staff Writers, MBONGENI MGUNI & TIMOTHY LEWANIKA report

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.

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