Inside how Fong Kong dealers deny govt of millions through tax evasion
Friday, December 21, 2018
They are used for personal travels, public transport, as well as in business. One would expect that as these cars increase on the roads, the country would get more money from business taxes. However, Mmegi investigations have revealed that even though the government cashes in, it receives less than what could be collected.
The Botswana Unified Revenue Services (BURS) has stated in its past annual reports that it was losing millions of Pula it could have gained from the importation of second-hand motor vehicles from Value Added Tax (VAT), customs duty and Value Added Duty. The organisation lamented that second-hand car dealers undervalue the cars to the disadvantage of the government.
These legal professionals, who are entrusted with upholding the rule of law, face numerous challenges that compromise their ability to effectively carry out their duties.Elsewhere in this edition, we carry a story on the lamentations of the officers of court.The prosecutors have raised a number of concerns, calling for urgent attention from all relevant stakeholders, including the President, Minister of Justice and the Attorney General. Their...