Heavy leakages in VAT collection - WB
Friday, August 27, 2010
Although the VAT rate is currently at 12 percent having been increased from 10 percent early this year, the World Bank estimates that the effective rate of VAT in Botswana is only around four percent due to leakages blamed on many factors, including non-compliance and a long list of exemptions.
This means government has the potential to multiply at least by two-and-half times the P4.3 billion in VAT revenue it raked in over last financial year.
The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...