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Serame warns VAT tricksters

On the lookout: Serame
On the lookout: Serame

FRANCISTOWN: Minister of Finance Peggy Serame has issued a stern warning to businesses that do not follow the country’s recently introduced Value Added Tax (VAT) amendments that provide a broad range of exemptions for basic commodities.

Serame was speaking at a Botswana Democratic Party (BDP) Women’s Wing capacity-building workshop here recently. She also used the event to give insight into several policies that her ministry has recently introduced.

The government recently introduced VAT exemptions on certain products as part of efforts to alleviate the cost of living for citizens. Under the amendments, VAT exemptions have been implemented on items such as cooking oil, liquid petroleum gas, salt, infant formula, baby diapers, sanitary pads or tampons, and condoms. Tractors and various agricultural implements have been changed from exempt to VAT zero-rated.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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