As the 2020 Budget Speech draws closer, tax pundits have dusted off their crystal balls and weighed in on what the Minister of Finance may announce. Much of the pre-budget hype focuses on whether tax rates will be hiked or on the likelihood of new taxes being introduced.

Given the widening gap between government expenditure and revenue collections, both are powerful tools at the minister’s arsenal. However, an important and often overlooked aspect of balancing the country’s books is the efficient collection of all taxes that are due and payable.

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