Small Business Council plans study on SMME hurdles

source: Mmegi


PALAPYE: The board of Small Business Council (SBC) hinted on Tuesday that it would soon commission a study on what is impeding the growth of the Small, Medium and Micro Enterprises (SMME) sector in Botswana.

A member of the board Dr Howard Sigwele told a group of businesspeople from Palapye and surrounding areas that they will be approached for information during the study. Sigwele was speaking after the businesspeople raised concern about laws and statutory instruments that hinder growth of the private sector.

A businessman raised concern on Value Added Tax (VAT) saying it puts an administrative burden on small businesses. “VAT could have started selectively: it affects all small businesses,” said the businessman.

All Botswana businesses registered for VAT have to file tax returns every two months. Failure to do so attracts a penalty of P50 everyday until the returns are made. Since its [continue reading]

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