Botswana Cuts Value-Added Tax to 12% From 14% to Curb Inflation

The reduction in the VAT rate will be for six months starting in August and total interventions to help households cope with price increases are expected to cost the government about 1.8 billion pula, Finance Minister Peggy Serame tells lawmakers.

• Cooking oil and cooking gas prices will be zero-rated for VAT over the same period, while the allowances for university students at public institutions will be increased by 18.5% from September
• Government will give 120 million pula to the state-owned Botswana Meat Commission to assist farmers
• “We expect retailers to pass on these VAT reductions to consumers. The interventions will ...