Muted cheers as BURS exceeds tax targets

BURS Headquarters in Gaborone PIC: MORERI SEJAKGOMO
BURS Headquarters in Gaborone PIC: MORERI SEJAKGOMO

The BURS hauled in P45.3 billion in taxes during the year ended March 31, 2022, about P900 million above the set target, as the impact of rate increases made in April 2021 kicked in.

Yesterday, officials at the tax agency said the improved collections were helped by higher contributions from income taxes and Value Added Tax (VAT).

VAT was increased to 14% in April 2021, while the withholding tax on dividends was increased to 10% from July of the same year. Authorities however, raised the income tax threshold for resident taxpayers to P48,000 per annum, from P36,000.

Editor's Comment
Parents should be more proactive in children’s lives

Parents need to pay particular attention to their children to ensure they grow up in a healthy environment that supports their development and mental health. Healthy attachments between parents and children foster strong bonds, creating a solid foundation for future leaders.In many African cultures, there is a common perception that parents should use a stick to discipline naughty children. While disciplining children is important, it is equally...

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