Government has extended the ring-fenced suspension of duty
on the outstanding quota of luxury buses by a year after the operators failed
to utilise the facility due foreign currency challenges.
The Government ring-fenced importation of 25 luxury buses
at a reduced rate of five percent for a period of 12 months beginning in
January 2018 in an effort to improve the condition of cross border luxury buses
.
Finance and Economic Development Minister Professor Mthuli
Ncube said in the recent Budget Statement that bus operators have not been able
to utilise the facility due to foreign currency challenges.
“I, therefore, propose to extend the ring-fenced suspension
of duty on the outstanding quota of luxury buses by a further one year,” he
said.
“Furthermore, the Budget proposes to ring-fence importation
of 100 public services buses of sitting capacity of at least 60 passengers at a
reduced customs duty rate of five percent, in order to ease the transport
challenges, this facility will be availed for 12 months beginning 1 January
2019.”
Minister Ncube said tour operator services were an
important element of the tourism industry which guaranteed that tourists were
transported safely and comfortably.
“In order to assist tour operators capitalise their fleets,
the Budget proposes to extend suspension of duty on 75 new buses of a carrying
capacity of eight to 58 passengers, including the driver,” he said. Herald
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