BURS seeks to widen tax base
Wednesday, October 07, 2015
The tax gap is described as the difference between the tax revenue that should be collected and the tax revenue actually collected.
BURS commissioner general, Ken Morris told the third sitting of the parliamentary committee on statutory bodies and state enterprises yesterday that the tax gap remains a challenge for the tax collector.
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...