BURS plans e-billing to cut VAT fraud
Friday, October 28, 2022 | 580 Views |
Segolo Lekau PIC: PHATSIMO KAPENG.
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.
Our weekly edition carries painful articles of people being murdered. Whilst some are classified as Gender Based Violence (GBV), there are still a large percentage of murder cases, which often happen at drinking spots, after people are heavily intoxicated. We have in the past carried articles where an individual was murdered because they refused to give someone a cigarette, and sadly this is where we are at now!In this very edition, there is an...