MASERU – THE government has lost a staggering M500 million after it failed to pass the Alcohol and Tobacco Levy Bill, parliament heard this week. The parliamentary Economic Cluster chairman, Sello Hakane, told the House on Monday that the government could have collected this money had it passed the new law last year. Hakane was […]
Bin alcohol and tobacco levy: industry players sundayexpress.co.ls - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sundayexpress.co.ls Daily Mail and Mail on Sunday newspapers.
MASERU - PRIME Minister Moeketsi Majoro says from November 1 only those fully vaccinated will be allowed to sit in restaurants and bars.So, an outing with frien
Implement tobacco, alcohol levies gradually — parly lestimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lestimes.com Daily Mail and Mail on Sunday newspapers.
Alcohol, tobacco levy up
MASERU-THE government will this year introduce an alcohol and tobacco levy at 15 and 30 percent respectively.
This was revealed by the Minister of Finance, Thabo Sophonea, during his budget speech.
The government says it could collect M286.6 million in levies.
Players in the industry told parliament’s economic cluster last year that increasing the tobacco and alcohol levy by 15 and 30 percent would hit the industry hard.
Sesupo Kgamang, the CEO of Maluti Mountain Brewery (MMB), told the committee that MMB’s success in paying dividends and taxes to the tune of almost M2 billion in the last six years would cease if the levy increase was implemented.