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Alcohol levy could be disastrous for Lesotho – Wagamang

Alcohol levy could be disastrous for Lesotho – Wagamang
THE implementation of the proposed 15 percent alcohol levy in the
hopes of collecting M289m to supplement its budget deficit, Lesotho is doing itself a disservice as other African countries that have been down this road have proven that higher levies result in less revenue.
This is according to AB InBev Lesotho representative Sesupo Wagamang.
Mr Wagamang said the Lesotho government will inadvertently leave
itself and its people even more cash strapped when the state coffers
desperately need it.
after sustained overtures by the government to implement a 15
percent alcohol levy and a 30 percent levy on tobacco products. ....

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Govt to implement "crippling" alcohol and tobacco taxes

Govt to implement “crippling” alcohol and tobacco taxes
Silence Charumbira
ALCOHOL drinkers and smokers will be forced to dig deeper into their pockets after Finance Minister Thabo Sophonea proposed to finally implement the sin tax which will see alcohol and tobacco levies increased by 15 and 30 percent respectively.
Presenting his budget speech in parliament yesterday, Mr Sophonea said “during 2021/22 fiscal year, the government intends to introduce…an alcohol and tobacco levy at 15 and 30 percent, respectively”.
He said the government hoped to realise an additional M286, 6 million in revenue annually from the levies.
The levies have been on the cards since 2019 when former Finance Minister and current Prime Minister Moeketsi Majoro announced that the government intended to increase the levies during the 2019/2020 financial year. ....

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