Govt amends levy law to `favour` KBL
Parliament passed an amendment of the alcohol levy law on Tuesday to protect local brewer Kgalagadi Breweries (KBL) against competition from cheaper imported alcoholic beverages. Imported beer especially have enjoyed a competitive edge over local brands due to imbalance in taxation since the introduction of the 30 percent levy late last year.
The levy made locally produced alcohol more expensive than imported ones.
The Minister of Trade and Industry, Neo Moroka has tabled an amendment which will now see foreign alcoholic brands being levied at landed costs, rather than factory costs which has been the case over the last few months. The director of trade and consumer affairs, John Matsheng says the need for the amendment was raised by the Botswana Unified Revenue Services (BURS) after pointing out the anomaly that resulted in foreign brands being charged the 30 percent levy at factory price at the border.
Matsheng explains that in [continue reading]