The amount of the alcohol levy collected by Botswana Unified Revenue Service (BURS) has dropped by P19 million, from P486 million recorded in 2018 to P467 in 2019. This is according to BURS’ latest annual report for 2019 which shows that the alcohol levy accounted for 59.3 percent of total levies collected by the taxman […]
Tax collector targets company Directors to boost revenue
Company Directors are set to have their pockets hit as BURS goes in search of new revenue.
According to experts, the amendment of the Income Tax is to ensure Directors pay more tax on their dividends.
Currently, big-earning Directors are taxed up to 25 percent of their annual income while their dividends have escaped largely unscathed.
However, depending on whether they reside locally or not, as of July, new measures will see them cough up as much as 15 percent of their Director’s fees.
Residents will pay withholding tax at 10 percent whilst non-resident Directors will be charged an additional five percent.
World Customs Organization wcoomd.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wcoomd.org Daily Mail and Mail on Sunday newspapers.
SOUTH AFRICA based Zimbabwean businessman and socialite Victor Jimere has died.
Popularly known as Boss Vickela or 1Bulk, Zim Morning Post has learnt that the high flier succumbed to Covid-19 in South Africa Wednesday, at a time where the pandemic has entered a second wave.
“He was diagnosed of Covid-19 last week and I don’t know how it took him so fast.
“We are hurt, he was a jolly good man and he has lost a vacuum in our circle of friends.
“Last month it was Ginimbi (Kadungure) and now its him, its sad mate,” lamented a friend who refused to be identified.
Botswana: Covid-19 Cripples Business Sector allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.