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
Government’s efforts commendable!

Since the news broke, the government made sure to work hand in hand with the South African government to assist the families of the victims. The two countries came together to help the families identify the bodies of their loved ones through DNA testing. The government also announced that they would assist families with food for mourners before the funerals.Even though the deceased persons were mostly residents of Molepolole, the government...

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