BURS to pay back Bank Gaborone's P4m
Friday, August 30, 2019
![Burs](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/uploads/imported_images/2019/august/30/phpg8HV2n.jpg&w=400&q=72&f=jpg)
Burs
In a recent judgement, the country’s highest court said the taxman had made off with more than his fair share when the bank’s tax liabilities were assessed for the years 2011 and 2012.
According to the facts of the case, the BURS had charged the bank the amount claiming that Bank Gaborone had classified its vehicle finance as a taxable amount, rather than a loan, which is not taxable. The BURS said the bank had therefore understated its tax liability for those years.
These roads, which are vital conduits for trade and tourism, have long been in dire need of repair. However, while this development is undoubtedly a positive step, it also raises questions about broader issues of infrastructural management and road safety that deserve closer scrutiny.The A3 and A33 roads are not just any roads, they are critical arteries that connect Botswana to its neighbours and facilitate the movement of goods and people...