BURS to probe Swiss bank account holders?

Friday, February 20, 2015

An official of the Botswana Unified Revenue Service (BURS) warned this week that they would investigate whether citizens and residents of Botswana revealed as having Swiss bank accounts had declared their accounts for tax purposes.

The official, who asked not to be named, said an investigation would start once the service obtained the names of the account-holders, either from informants or media reports. Attempts to get an official statement from BURS this week were unsuccessful.

Botswana law requires the declaration of foreign accounts so that earnings on these investments can be taxed.

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