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BURS plans e-billing to cut VAT fraud

Segolo Lekau PIC: PHATSIMO KAPENG.
Segolo Lekau PIC: PHATSIMO KAPENG.

The Botswana Unified Revenue Service (BURS) says the Value Added Tax (VAT) e-billing system it is introducing will crack down on fraud and boost collections by as much as 50 percent, Mmegi has learnt.

Already in use in some countries in Africa, the VAT e-billing system involves digitising the tax invoicing system to allow live updates of transactions to the tax agency.

At present, the BURS estimates that it is losing between 30 and 50 percent of the VAT it could be collecting annually, figures which for the 2021-22 financial year equates to as much as P5.5 billion.

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