Homeowners tax exemption still to be implemented

Job seekers outside labour offices
Job seekers outside labour offices

The implementation of a proposed tax exemption on first time homeowners, which was announced by the Minister of Finance, and Development Planning Kenneth Matambo in the 2014 budget is still to be implemented.

The status quo is a source of frustration for the parliamentary Committee on Statutory Bodies and State Enterprises. The committee chairperson, Samson Moyo Guma expressed his unhappiness when they were examining the books of the Botswana Unified Revenue Services yesterday. Guma expressed concern at the delayed implementation of the policy.

“This was mentioned to Parliament in the budget speech. We passed the budget with the understanding that the implementation should not be a problem,” said Guma.

Editor's Comment
Stay safe this holiday season

However, amidst the happiness, it is crucial to remember that the holidays can also bring unforeseen challenges. From increased traffic and travel hazards to heightened risks of accidents and social unrest, the festive period demands heightened awareness and responsible behaviour.Traffic congestion and accidents are a common occurrence during the holidays. With increased travel, roads become busier, leading to a higher risk of collisions. Alcohol...

Have a Story? Send Us a tip
arrow up