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The Income Tax Act, 2026 introduces important employment income and PAYE compliance requirements for Botswana employers from 1 July 2026. The legislation maintains the progressive tax system while introducing a new top marginal tax rate of 27.5% on annual taxable income exceeding P400,000. Employers must ensure PAYE is correctly withheld from all taxable employment income, including salaries, bonuses, allowances, non-cash benefits, share scheme benefits, expatriate remuneration and certain termination payments.

Comprehensive illustrative guidance on preparing IFRS-compliant interim condensed consolidated financial statements for reporting periods ending in 2026. The publication demonstrates the application of IAS 34 Interim Financial Reporting and related IFRS Accounting Standards through practical examples, financial statements, disclosures, notes, and reporting considerations. It includes guidance on revenue recognition, business combinations, segment reporting, financial instruments, fair value measurement, climate-related disclosures, Pillar Two tax considerations, and emerging reporting requirements. The publication also provides an appendix covering IFRS 18 Presentation and Disclosure in Financial Statements, including transition disclosures, new presentation requirements, management-defined performance measures, and statement of cash flow amendments.

Botswana has enacted comprehensive tax reforms effective 1 July 2026 through the re-enactment of the Income Tax Act and VAT Act, alongside the new Tax Administration Act and Customs (Amendment) Act. The reforms modernize the tax framework, strengthen compliance requirements, revise income tax and VAT rules, introduce binding tax rulings and voluntary disclosure mechanisms, and update international taxation and transfer pricing regulations. Businesses should review their tax positions, reporting processes, systems and cross-border arrangements to ensure compliance with the new legislation.

Botswana has introduced VAT on electronic and professional remote services effective 1 June 2026 under the VAT Amendment Act 2025. The new rules require non-resident suppliers to register, charge VAT, and comply with reporting obligations, while local businesses must account for VAT under the reverse charge mechanism. Key timelines, registration requirements, and compliance obligations are outlined to support businesses in adapting to the updated indirect tax framework.

A comprehensive guide to IFRS 15 covering Step 1 (identifying contracts), Step 2 (identifying performance obligations), and principal versus agent considerations, with practical insights on revenue recognition, control assessment, and application of the five-step model.

A concise overview of IFRS 18’s key requirements, explaining how the new IASB standard will change the presentation and disclosure of financial statements from 2027.

The IFRS Foundation has issued IFRS Alert 2025‑08, introducing new illustrative examples to help entities apply existing disclosure requirements related to uncertainties in financial statements. The publication provides practical insights to support transparent reporting, enhance consistency in application, and improve the quality of financial disclosures under IFRS Accounting Standards. This alert highlights key expectations for preparers, auditors, and stakeholders focusing on areas of estimation uncertainty, judgments, and risk‑sensitive disclosures.

Grant Thornton’s Women in Business 2026 insights focus on the critical role of gender equality, leadership visibility, and DE&I initiatives in driving mid‑market business performance.

Key highlights of Botswana Budget 2026/27 The Botswana Budget 2026/27 delivers a clear message: fiscal discipline, bold reforms, and future‑focused action. Your budget. Your insight. Your future. We’ve unpacked the key highlights so you stay informed, empowered, and future‑ready.

Grant Thornton’s publication “Navigating the Changes to IFRS 2026” provides a comprehensive and practical overview of all IFRS Accounting Standard changes issued between 1 January 2025 and 31 December 2025. It outlines new standards, amendments to existing IFRS requirements, interpretations, and effective dates relevant to 2025–2026 year‑ends. The guide includes commercial impact assessments, early‑adoption considerations, and disclosure requirements under IAS 8, making it a valuable resource for financial statement preparers, auditors, and accounting professionals.

ISSB amendments to IFRS S2 introduce targeted reliefs to greenhouse gas emissions disclosures, including Scope 3 financed emissions, jurisdictional measurement requirements, and industry classification flexibility, effective from 1 January 2027.

Botswana has expanded its VAT regime through the 2025 Amendment Act, now taxing remote services such as digital content, cloud services, and inbound tourism products. The Act also mandates electronic fiscal devices for VAT-registered businesses and introduces compliance requirements for non-resident suppliers and electronic marketplaces. Businesses must prepare for reverse charge obligations, registration thresholds, and fiscal invoicing to ensure compliance.

IFRS Example Consolidated Financial Statements 2025 Comprehensive guide illustrating IFRS-compliant consolidated financial statements for Illustrative Corporation Group as of 31 Dec 2025. Covers profit or loss, OCI, financial position, equity changes, cash flows, and detailed notes on accounting policies, climate-related disclosures, economic uncertainty, segment reporting, revenue recognition, financial instruments, and risk management. Includes updates on new standards (IFRS 18, IFRS 19), sustainability reporting, impairment testing, acquisitions/disposals, and liquidity monitoring. Designed to support consistent internal and external reporting with emphasis on materiality, transparency, and entity-specific application.

Through this report, Grant Thornton presents details and trends of the local M&A activity based on deals announced and published by the Competition and Consumer Authority (CCA) between 2021 and first half of 2025 (H1) (“period under review”). In the case of cross-border deals, the CCA only reports in-bound transactions, i.e. a transaction in which a foreign company merges with or acquires a Botswana company.

Finance transformation refers to the tactical initiatives that help inform the finance function by assessing and improving its strategy, vision, people, processes and systems to better align with the organisation’s overall strategy.

Corporate forensics serves as a strategic connector, linking ethical leadership, internal oversight, and operational processes. Its value is not limited to early detection and prevention of fraud before reputational and / or financial damage occurs. It enhances legal and regulatory compliance (e.g. anti-money laundering, anti-bribery, sanctions), demonstrates commitment to ethical conduct and transparency, strengthens internal controls through forensic audit techniques and preserves digital evidence for litigation and regulatory action.