Read our insights

Navigate 2026 financial reporting with confidence using ifrs-example-consolidated-financial-statements-2026. This comprehensive publication illustrates the application of IFRS Accounting Standards, including the early adoption of IFRS 18, and provides practical guidance on presentation, disclosure, climate-related considerations, management-defined performance measures, financial instruments, and other key reporting developments effective for 2026 reporting periods.

Learn how purchasers should account for inventory discounts and rebates under IFRS Accounting Standards. This IFRS Viewpoint explores the accounting treatment of trade discounts, settlement discounts, volume-based rebates, and supplier payment arrangements, providing practical guidance, key considerations, and real-world examples to support accurate inventory valuation and financial reporting.

Learn why board succession planning is a critical governance priority for organisations in Botswana. This publication outlines the key steps in the succession planning process, common challenges such as limited talent pools, overboarding, and skills gaps, and practical strategies for ensuring leadership continuity, board effectiveness, diversity, and long-term sustainability. It also highlights the role of board evaluations, candidate pipelines, governance frameworks, and director development in creating future-ready boards.

This three-part IFRS 17 insight series provides a practical overview of the Standard, explaining its scope and applicability, the principles for initial recognition and measurement of insurance contracts, and the subsequent measurement of insurance liabilities. The publications cover insurance contract definitions, significant insurance risk, contract grouping, fulfilment cash flows, discount rates, risk adjustments, contractual service margin calculations, liability measurement, insurance revenue recognition, and ongoing financial reporting requirements under IFRS 17.

IAS 7 at a Glance provides an introductory overview of the IAS 7 Statement of Cash Flows standard. It explains the purpose of cash flow reporting, outlines the classification of operating, investing and financing activities, covers key disclosure requirements, discusses the impact of IFRS 18 amendments, and highlights recent IFRIC agenda decisions and IASB developments affecting cash flow reporting.

This combined IFRS 2 publication provides practical guidance on the accounting, presentation, and disclosure of share-based payment transactions. It explains how entities should account for share-based payments with non-employees, including the recognition and measurement of equity-settled and cash-settled arrangements, fair value considerations, and the treatment of identifiable and unidentifiable goods or services. The publication also summarizes IFRS 2 presentation and disclosure requirements, including disclosures relating to share option plans, valuation methodologies, modifications, financial statement impacts, and illustrative examples to support compliant and transparent financial reporting.

Botswana's Income Tax Act, 2026 introduced a new income attribution regime under Section 119, effective 1 July 2026. The rule targets Botswana residents holding significant interests in low-tax foreign entities by attributing qualifying investment income, including dividends, interest, royalties and rent, to the resident taxpayer. The publication explains when the rule applies, how attributed income is calculated, key exemptions, record-keeping requirements and practical actions businesses and investors should take to ensure compliance with Botswana's evolving international tax framework.

This publication examines the distinction between strategy formulation and strategy facilitation within regulatory institutions, particularly financial sector regulators. It explains how strategy formulation relies on research, diagnostics, gap assessments, and evidence-based decision-making to determine strategic direction, while facilitation focuses on stakeholder engagement, alignment, and consensus-building. The paper argues that treating the two disciplines as interchangeable can result in weak strategic outcomes and highlights the need for regulators to combine analytical rigor with effective facilitation to achieve sustainable institutional and ecosystem-wide impact.

The Income Tax Act, 2026 retains special tax provisions for farming businesses while introducing significant reforms effective 1 July 2026. Key changes include the removal of farming loss ring-fencing, allowing farming losses to offset other business income, expanded deductions for farm infrastructure and assets, continued exemptions for qualifying small-scale farming activities, and the abolition of the 4% withholding tax on livestock purchases. Farming businesses should reassess their structures to optimize tax efficiency and compliance under the new rules.

Botswana's Income Tax Act, 2026 introduced significant tax reforms, including an increase in the standard corporate income tax rate to 24.5% effective 1 July 2026. However, transitional provisions preserve certain legacy tax concessions and reduced tax rates that were valid on the implementation date. The publication explains how these rules apply to manufacturing businesses with Development Approval Orders, IFSC companies, and entities accredited by SEZA or SPEDU. It also highlights the business implications of higher tax rates on non-concessionary income and outlines key considerations for tax planning, forecasting, compliance, and self-assessment obligations.

Botswana introduced significant corporate income tax reforms effective 1 July 2026. The standard corporate tax rate for resident companies increased from 22% to 24.5%, while the tax rate for non-resident companies decreased from 30% to 24.5%. A new 10% withholding tax on branch profit repatriations now applies to non-resident companies, aligning branch taxation more closely with dividend taxation. Existing exemptions and reduced tax rates remain effective until their specified expiry dates. Businesses should assess the impact on profitability, cash flow forecasting, tax compliance, group structures, and profit repatriation strategies to remain compliant and tax-efficient.

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.