Taxman eyes P41bn inflows for 2019
Friday, February 22, 2019
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.
Their concerns highlight the need for meaningful dialogue between government and relevant stakeholders to ensure the best interests of the country are served.This was in addition to other voices from opposition politicians and civil society organisations.The stance underscores the importance of citizen participation in the constitutional amendment process. The AFM rightly assert that such weighty matters demand thorough discussions to reflect the...