Page 19 - நுகர்வோர் ப்ரொடெக்ஶந் சங்கம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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.

South africaUnited statesLesotho generalThabo sophoneaNelson jequeMotseki nkeaneNkareng letsieMoeketsi majoroThabo qhesiRestaurant owner associationConsumer protection associationSector foundation of lesothoSouthern african customs unionFinance minister thabo sophoneaFinance ministerPrime minister moeketsi majoro