VAT increase to 14% could be split over two years
Friday, November 20, 2020
BusinessWeek is informed that the Taxation Review Committee will be meeting soon and give recommendations that will ultimately be considered by Cabinet ahead of the next budget.
The ministry’s permanent secretary, Wilfred Mandlebe said the VAT increase was in line with the Economic Recovery and Transformation Plan approved by the Winter Parliament.
The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...