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    “A new platform to represent Botswana,” says Amos on his coaching role in Iran

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    Karateka targets international titles

    Botswana gears up for high-stakes Gabs Open karate showdown

    Orange Botswana Awards P390,000 to Historic 4x400m Relay Champions, Coaches & BAA

    Orange Botswana Awards P390,000 to Historic 4x400m Relay Champions, Coaches & BAA

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    Eppie’s breakthrough hints at a brighter future for Botswana’s 400m

    Under Babitseng BFA will be transparent and accountable

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    Sports chief raises alarm over doping spike amid Region 5 triumph

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Serame concedes VAT Reductions are unsustainable

mm by Staff Writer
October 6, 2022
in News
Reading Time: 1 min read
0
Serame urges women to pursue economic and financial independence

TLOKWENG 16 July 2020, President Dr. Mokgweetsi E.K. Masisi officially launch the Revised CEDA Guidelines at the Obert Fitness center, one of the CEDA beneficiaries in Tlokweng on 16 July 2020. The First lady Neo J Masisi, Minister Peggy Serame and the other cabinet members were present during the launch. Serame delivering her speech during the event. (Pic:MONIRUL BHUIYAN/PRESS PHOTO)

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  • VAT went down from 14% to 12% in August
  • Cooking oil and cooking gas zero-rated
  • Finance minister says the measures are proving unsustainable 

The Minister of Finance and Economic Development Peggy Serame has cast doubt on her own ministry’s wisdom in temporary measures aimed at reducing certain VAT rates to combat the effects of inflation on households and the economy. 

The announcement, which includes a reduction in the standard VAT rate to 12 percent from 14 percent and zero-rated VAT for cooking oil and liquified petroleum gas, was made in July this year and prompted criticism from some quarters. 

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Tags: Budget PitsoPeggy SerameStatistics BotswanaVAT

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