Cattle farmers decry �impoverishing� new tax

With the new Income Tax (Amendment) Act of 2015, government has exempted the Botswana Meat Commission (BMC) from the 15% taxation and replaced it with four percent tax on money paid to farmers for the supply of cattle deducted as withholding tax.

BNBPU chairperson, Madongo Direng said although it is a good move for the government to do away with taxation of the BMC on gross income derived from sale of meat and meat products, it is “totally unacceptable” to replace it with taxation of the cattle farmers on gross income derived from the sale of cattle for slaughter or feeding.