Import and export taxes under review

According to BURS commissioner responsible for customs and excise, Philiso Phodiso Valashia, the process of consulting public and private sector stakeholders on the zero-draft commenced this week and is expected to be concluded on April 20, whereupon drafting instructions for a Customs Bill will be issued to the Attorney General.

Valashia explained that the restructuring of the customs and excise legislation would increase the competitiveness of local goods in the global markets, while also lowering the costs of goods to local producers and consumers.