Heavy leakages in VAT collection - WB

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Government can potentially raise more than twice the P4.3 billion it collected in Value Added Tax (VAT) last year if proper measures are taken to plug leakages, the World Bank reckons.

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.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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