BURS struggles to monitor taxation of car importers
Wednesday, June 10, 2015
Permanent secretary in the Ministry of Finance and development Planning, Solomon Sekwakwa told the Public Accounts Committee (PAC) yesterday that despite continuous raids on imported car dealers, there are still instances where BURS laws are flouted.
“We do check and audit these dealers but due to lack of capacity on our part, some people end up cheating,” he said.
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...