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Gov’t to relax tax laws for pensioners

Serame
Serame

The Minister of Finance, Peggy Serame says the government is currently holistically reviewing taxation laws and will consider exempting pension income from income tax.

Speaking in Parliament yesterday, Serame admitted that they are aware of the outcry by Batswana due to exempting, in part, the amounts allowable for withdrawals under the Retirement Funds Act, 2022.

Serame added that it is against this background that a decision has been made to amend the Income Tax Act to align it with the Retirement Funds Act, 2022.


Editor's Comment
We should care more for our infrastructure, road safety

These roads, which are vital conduits for trade and tourism, have long been in dire need of repair. However, while this development is undoubtedly a positive step, it also raises questions about broader issues of infrastructural management and road safety that deserve closer scrutiny.The A3 and A33 roads are not just any roads, they are critical arteries that connect Botswana to its neighbours and facilitate the movement of goods and people...

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