The government of Swaziland will impose a 12.5-percent levy on gaming and lotteries from next month as part of efforts to diversify its revenue base, APA learnt here on Tuesday.Tourism and Environmental Affairs Minister Christopher Gamedze said in Legal Notice No. 42 of 2017 that the levy would be calculated at 12.5 percent of the gross revenue of lottery operators or promoters of any gaming activities.
The imposition of the lotteries and gaming levy is among the revenue generation sources that the Swazi government is expected to introduce in a move to reduce its reliance on Southern African Customs Union (SACU) revenue.
Gamedze said SACU volatility has been a constraint to government policies in the past and noted that the drastic fall in SACU receipts in the 2016/2017 fiscal year was a negative economic shock and had spill-overs in multiple spheres of the economy.
Other revenue generation measures contemplated by the Swazi government include a hike in liquor licence fees, motor vehicle fees and driver’s licence fees.