…As tax policy and administration reforms are announced
By Hilary Mare
IN terms of the SACU Agreement and taking into account sales volumes and targets set for the total tax burdens on respective excisable commodities, Finance Minister, Calle Schlettwein, has announced increases in sin taxes.
Delivering his budget speech in the National Assembly yesterday, Schlettwein highlighted that the percentage increases have been agreed upon and will be intruded retrospectively with effect from 21 February 2018 as is required under the SACU Agreement.
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