BURS re-engineers revenue collection
Friday, October 09, 2015
The transformation is designed to create long lasting sustainable improvement in the speed and quality of change within the revenue service.
BURS is responsible for the assessment and collection of tax revenues comprising: Capital Transfer Tax, Customs and Excise Duties, Income Tax, Value Added Tax and Fuel levy, as well as the administration of statutory controls of bonded warehouses, border posts and other points of entry.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...