Botswana impose zero VAT charge on supply of LPG, cooking oil
Botswana is seeking to impose a zero VAT charge on the supply of LPG and cooking oil by companies for a period of six months.
The move by the State, is contained in a Value Added Tax Amendment Bill, 2022 presented to the National Assembly by the country’s Minister for Finance, Peggy Serame.
Per the Amendment Bill, the imposition of the zero VAT on LPG and cooking oil is expected to kick start, Wednesday, August 3, 2022.
Additionally, the Minister of Finance for Botswana, is seeking a 2% cut in the country’s VAT rate from 14% to 12%.
In Ghana, VAT makes up a sizeable amount of the taxes imputed into the price of LPG with taxes estimated to constitute 20% of the market price of LPG.
With regards to the VAT rate charged, the country’s current VAT rate stands at 17.5%.
peruse details of bill below:
Extraordinary Gazette 1st August 2022 by Fuaad Dodoo on Scribd
