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The Botswana Accountancy Oversight Authority (BAOA) recently released a public notice summarizing the major changes to the Financial Reporting (Amendment) Act, 2020, which was passed by Parliament in 2020, and commencement of the Act was set at 1 April 2022. We set out below, major changes which may affect Public Interest Entities (PIE) and other large organisations.

Welcome to the 2022 report on our research into the position of women in senior management across the world, and the progress towards gender parity in leadership. Our 2021 Women in Business report identified the window of opportunity that post-pandemic working practices could create for women to move into senior roles. In the wake of the pandemic, as economies slowly recover and businesses refine altered ways of working, that trend looks set to continue.

The 2022 edition of the publication has been updated for changes to International Financial Reporting Standards (IFRS) that were published between 1 January 2021 and 31 December 2021. The publication now covers 31 March 2021, 30 June 2021, 30 September 2021, 31 December 2021 and 31 March 2022 financial year ends.

This year, the focus of the budget is on “Fostering transformation”. We provide key highlights of the budget, with particular focus on economic statistics, achievements, and budget allocation.

Board evaluation

Tax Amnesty Scheme ends on 31 December 2021

Benefit from "Tax Amnesty Scheme" - We propose solutions to issues faced by taxpayers when applying for tax amnesty, obtaining a tax clearance certificate, processing refunds and / or deregistering a company.

Trends in mergers and acquisitions in Botswana Globally, transactions slowed down dramatically in Q2-Q3 2020, with management of most businesses getting consumed with weathering the immediate crisis while trillions of committed capital waited for the dust to settle. Subsequently, deals are soaring as distressed companies look for exit strategies and investors look for a market correction. In some industries, companies may exit the pandemic healthier, attracting a new round of interested investors. Given these M&A expectations and trends globally, how does the local landscape look and what do the trends indicate?

Tax Amnesty Scheme - The tax amnesty presents a lucrative opportunity to adhere to compliance regulations without any interest and / or penalties.

Tax Amnesty Scheme - The tax amnesty presents a lucrative opportunity to adhere to compliance regulations without any interest and / or penalties.

Botswana income tax changes - effective 1 July 2021

Action required if your company’s TIN starts with “CO”

Women in Business 2021 Women in leadership in African businesses rises marginally amid the COVID-19 pandemic

PAYE bulk upload

Impact of the increase in the rate of Value Added Tax (VAT)

Impact of the increase in the rate of Value Added Tax (VAT)