BURS to pay back Bank Gaborone's P4m
Friday, August 30, 2019
In a recent judgement, the country’s highest court said the taxman had made off with more than his fair share when the bank’s tax liabilities were assessed for the years 2011 and 2012.
According to the facts of the case, the BURS had charged the bank the amount claiming that Bank Gaborone had classified its vehicle finance as a taxable amount, rather than a loan, which is not taxable. The BURS said the bank had therefore understated its tax liability for those years.
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...