In the 2021 budget, the Minister of Finance, Economic Planning, and Development has proposed restricting the importation of motor vehicles and buses. The Minister has proposed doing this through the following measures:
These measures are designed to encourage the purchase of vehicles and buses from local assemblers. Local assemblers will be expected to increase the local content of their vehicles to at least 35%.
The Minister also proposed a Cannabis Levy at rates ranging from 10% to 20%. The rate will depend on the level of processing and will be chargeable on the value of exports.