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

View our key highlights of the national budget delivered by Hon. Dr T Matsheka. This year the focus of the budget is on “Strengthening resilience”.

Filing of company tax returns deadline

COVID-19 3 easy steps to apply for Wage Subsidy

COVID-19 Tax resilience amid global and local disruption

COVID-19 Botswana’s economic response: Supporting your business to activate interventions

COVID-19 We continue to serve you through the “extreme social distancing” period

Grant Thornton has put together its annual summary of the key highlights of the national budget delivered by the Minister of Finance and Development Planning, Honourable Dr Thapelo Matsheka. This year the focus of the budget is on “Transformation…private sector led growth”. View our 4 page summary to get a quick preview of the 2020/21 budget.

The government has recently introduced a Bill to amend the Income Tax Act (Cap 52:01) in a bid to further reduce harmful tax practices as required by Base Erosion and Profit Shifting (BEPS) framework. The effective date of the bill is not known at this stage.

Grant Thornton has put together its annual summary of the key highlights of the national budget delivered by the Minister of Finance and Development Planning, Honourable Kenneth Matambo. This year the focus of the budget is on “Enhancing welfare through economic transformation”. View our 4 page summary to get a quick preview of the 2019/20 budget.

Multinational company (MNC) groups typically tend to operate in several jurisdictions with a view to make their products and services available to their customers based in several locations. Often, the overall act of delivering its products or services to its end customers is spread across a number of legal entities located in different countries to ensure delivery of products or services to customers in the most efficient manner. MNC groups use the differential tax rates available in different countries to structure the inter-company pricing within their supply chains to optimize their tax costs.

Multinational company (MNC) groups typically tend to operate in several jurisdictions with a view to make their products and services available to their customers based in several locations. Often, the overall act of delivering its products or services to its end customers is spread across a number of legal entities located in different countries to ensure delivery of products or services to customers in the most efficient manner. MNC groups use the differential tax rates available in different countries to structure the inter-company pricing within their supply chains to optimize their tax costs.

You’re ready to grow your business, and we’re ready to help! Local Business Alert Hub connects you to timely local business insights on tax, corporate compliance, transfer pricing, IFRS, etc. Browse the hub or contact one of our advisors.

BURS has requested all tax payers to register for e-services and access their tax information online. BURS no longer accepts requests to print tax assessments, tax compliance report, and tax and VAT statements over the counter. Therefore, all tax payers are advised to register for BURS e-services and activate their online tax account with BURS.

Income Tax (Spedu Regional Development Approval) Order has been gazetted and the effective date has not yet been announced. The new Order provides income tax concession for income earned by a company which has an approved business in the Spedu region, which comprises of Selebi-Phikwe, Bobonong, Mmadinare, Sefophe, Lerale, Maunatlala, and neighboring villages, farms and cattle posts.

Botswana Budget 2018/19 gives vision into the implementation of transfer pricing laws in Botswana. Accordingly, Grant Thornton presents its insight on the matter in a series of alerts about transfer pricing, supported by local knowledge and experience of Rajesh Narasimhan, Taxation Partner.