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Alcohol, tobacco levy up


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. ....

South Africa , Lesotho General , Thabo Sophonea , Castle Lager , Motseki Nkeane , Sesupo Kgamang , Chaka Mosese , Thabo Qhesi , Sector Foundation Of Lesotho , Restaurant Owners Association , Basotho Association Ibosa , Maluti Mountain Brewery , Private Sector Foundation , Lesotho Liquor , Independent Basotho Off Sales Association , லெஸோதொ ஜநரல் , கோட்டை லாகர் , துறை அடித்தளம் ஆஃப் லெஸோதொ , உணவகம் ஓநர்ஸ் சங்கம் , ப்ரைவேட் துறை அடித்தளம் , லெஸோதொ மதுபானம் ,