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BURS eye top dogs

BURS eye top dogs
NEW DIRECTION: BURS headquarters

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 ...

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