• CHOPPIES – FINANCE MANAGERJune 30, 2025
    RelatedPosts CHOPPIES – FINANCE MANAGER LIQUID INTELLIGENT TECHNOLOGIES BOTSWANA – SOLUTIONS ARCHITECT LIQUID INTELLIGENT TECHNOLOGIES BOTSWANA – HEAD OF SALES
  • BTCL enjoys strong growthJune 30, 2025
    Revenue jumps 4% to P1.49 billion Strong 2024 growth attributed to strategy Profit before Tax reaches P259 million, up 30%   BAKANG TIRO RelatedPosts BTCL enjoys strong growth Motsepe, Butterfly’s last laugh From tenderpreneurship to true entrepreneurship editors@thepatriot.co.bw BTCL… Read more: BTCL enjoys strong growth
  • Motsepe, Butterfly’s last laughJune 30, 2025
    Court orders Botswana govt to apologise to Bridgette Motsepe Apology to cover Ian Khama, Isaac Kgosi, Welheminah Maswabi Botswana to settle huge legal bills, costs for publishing apologies As former President Mokgweetsi Masisi’s blunder haunts Botswana STAFF WRITERS editors@thepatriot.co.bw… Read more: Motsepe, Butterfly’s last laugh
  • From tenderpreneurship to true entrepreneurshipJune 27, 2025
    BAKANG PHUTHEGO BUSINESS WITH BK RelatedPosts BTCL enjoys strong growth From tenderpreneurship to true entrepreneurship Digital Public Infrastructure as a Strategic Imperative   In the early years after independence, Botswana stood out as a model of stability and sound… Read more: From tenderpreneurship to true entrepreneurship
  • Digital Public Infrastructure as a Strategic ImperativeJune 27, 2025
        RelatedPosts BTCL enjoys strong growth From tenderpreneurship to true entrepreneurship Digital Public Infrastructure as a Strategic Imperative Dr Dimakatso Polokelo  Digital public infrastructure (DPI) is emerging as a core component of socio-economic advancement. For African economies navigating… Read more: Digital Public Infrastructure as a Strategic Imperative
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
  • Login
  • Register
Wednesday, July 2, 2025
17 °c
Gaborone
21 ° Tue
22 ° Wed
24 ° Thu
26 ° Fri
The Patriot On Sunday
Subscribe
Advertisement
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
Cart / $0.00

No products in the cart.

  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
The Patriot On Sunday
No Result
View All Result
Home News

Govt brings more taxes

patriot by patriot
April 21, 2022
in News
242
0
Serame

Serame

491
SHARES
1.4k
VIEWS
ShareShareShare
  • To introduce carbon and digital taxes
  • Serame allays fears of fresh tax increases
  • ‘We’re targeting tax from multinationals doing business in Botswana with accounts domiciled elsewhere, and trading Online’

BAKANG TIRO

editors@thapatriot.co.bw

RelatedPosts

Motsepe, Butterfly’s last laugh

ILLEGAL WILDLIFE TRADE RISING

UDC impress BagaMmangwato

Amid rising cost of living and economic contraction for many households and businesses owing to Covid19 pandemic, the Minister of Finance and Economic Development, Peggy Serame insists that the looming carbon and digital taxes are necessary.

Serame said the nation should not consider the introduction of new taxes as a strategy by government to further burden their livelihoods. According to her, the carbon and digital taxes will be targeting big multinational businesses that are operating in Botswana while their accounts are held in different countries where they pay taxes.

“The new proposed tax policies are not anyhow going to increase the Value Added Tax (VAT) and the income tax. We are not going to increase taxes, not in the short term I assure that. We have seen a lot of business that do business online, take for example Amazon which sells in Botswana and is not paying tax here. This is a way to close leakages on our tax collection,” she said.

Serame added that there is existing provisions for VAT on digital gadgets but it won’t be affected when the new digital taxes come into effect, noting that draft bills for both carbon and digital are on the pipeline. “We should be getting more tax money from the multinational companies. I know the pain of demanding more taxes coming from the Covid19 pandemic,” said Serame, fielding questions from journalists regarding new taxes at a Botswana Unified Revenue Service (BURS) briefing on Wednesday.

Furthermore, Serame said government is reviewing tax laws to align to international standards but assured that the process will not result in any increment.

According to the Center for Climate and Energy Solutions, under a carbon tax government sets a price that emitters must pay for each ton of the greenhouse gas emissions that they emit. Center for Climate and Energy Solutions says businesses and consumers will take steps, such as switching fuels or adopting new technologies, to reduce their emissions to avoid paying the tax.

“A carbon tax can raise significant revenue. How that revenue is used will ultimately be a political choice. Some or all of it could be returned to consumers in the form of a dividend. Alternatively, it could be reinvested in climate purposes, such as advancing low-carbon technologies or building resilience. Economic research suggests that using the revenues to reduce existing taxes on labor and capital also known as a tax swap can minimize the economic costs and may result in net economic benefits,” said the Center for Climate and Energy Solutions, the Virginia based leading think tank on carbon taxes.

Climate Change Policy

Botswana  government seeks to monetize carbon markets as contained in Botswana Climate Change Response Policy draft December 2021 support by United Nations Development Programme (UNDP).

Under the carbon markets, government says it will explore the feasibility of developing a wide range enabling instruments to support mitigation plans and carbon budgets that would assist in realization of desired emission reductions to ensure that Botswana participate in the carbon markets.

“In order to establish sufficient carbon markets, the government will: Consider the imposition and enforcement of the carbon taxes and their compounded effect on the standard of living on ordinary citizens. Consider possibility of using the carbon emission offsets and emission trading scheme for all major economic sectors where a carbon approach and cooperation agreements have been selected and adopted,” reads part of the 2021 Botswana Climate Change Policy draft.

It will also develop legal framework for emission trading and access to new and existing markets at national, regional, international level including establishment of cap on trade for carbon where possible.

With regards to Polluter Pay Principle, Botswana intends in principles that the costs of remedying pollution and environmental degradation leading to climate change shall be borne by those responsible for harming the environment including the costs of consequent adaptation and mitigation actions.

Related

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Previous Post

Legal Guard protects SMMEs

Next Post

BDP sponsors jittery

Related Posts

Motsepe, Butterfly’s last laugh
News

Motsepe, Butterfly’s last laugh

June 30, 2025
ILLEGAL WILDLIFE TRADE RISING
News

ILLEGAL WILDLIFE TRADE RISING

June 25, 2025
UDC impress BagaMmangwato
News

UDC impress BagaMmangwato

June 24, 2025
DIKGOSI ON GBV CRISIS ‘Our communities are perishing’
News

DIKGOSI ON GBV CRISIS ‘Our communities are perishing’

June 23, 2025
News

BOKO’S WAR ROOM

June 23, 2025
News

AP, BPP ‘steal’ democrats

June 18, 2025
Next Post
BDP sponsors jittery

BDP sponsors jittery

Please login to join discussion
  • CHOPPIES – FINANCE MANAGERJune 30, 2025
    RelatedPosts CHOPPIES – FINANCE MANAGER LIQUID INTELLIGENT TECHNOLOGIES BOTSWANA – SOLUTIONS ARCHITECT LIQUID INTELLIGENT TECHNOLOGIES BOTSWANA – HEAD OF SALES
  • BTCL enjoys strong growthJune 30, 2025
    Revenue jumps 4% to P1.49 billion Strong 2024 growth attributed to strategy Profit before Tax reaches P259 million, up 30%   BAKANG TIRO RelatedPosts BTCL enjoys strong growth Motsepe, Butterfly’s last laugh From tenderpreneurship to true entrepreneurship editors@thepatriot.co.bw BTCL… Read more: BTCL enjoys strong growth
  • Motsepe, Butterfly’s last laughJune 30, 2025
    Court orders Botswana govt to apologise to Bridgette Motsepe Apology to cover Ian Khama, Isaac Kgosi, Welheminah Maswabi Botswana to settle huge legal bills, costs for publishing apologies As former President Mokgweetsi Masisi’s blunder haunts Botswana STAFF WRITERS editors@thepatriot.co.bw… Read more: Motsepe, Butterfly’s last laugh
  • From tenderpreneurship to true entrepreneurshipJune 27, 2025
    BAKANG PHUTHEGO BUSINESS WITH BK RelatedPosts BTCL enjoys strong growth From tenderpreneurship to true entrepreneurship Digital Public Infrastructure as a Strategic Imperative   In the early years after independence, Botswana stood out as a model of stability and sound… Read more: From tenderpreneurship to true entrepreneurship
  • Digital Public Infrastructure as a Strategic ImperativeJune 27, 2025
        RelatedPosts BTCL enjoys strong growth From tenderpreneurship to true entrepreneurship Digital Public Infrastructure as a Strategic Imperative Dr Dimakatso Polokelo  Digital public infrastructure (DPI) is emerging as a core component of socio-economic advancement. For African economies navigating… Read more: Digital Public Infrastructure as a Strategic Imperative
The Patriot On Sunday

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

Navigate Site

  • About Us
  • Advertise
  • Disclaimer
  • Contact Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?