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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.
The laws surrounding transfer pricing are becoming ever more complex, as tax affairs of multinational companies are facing scrutiny from media, regulators and the public. 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.
The new IFRS 16: Leases standard has been issued by the IASB. The core principle of the new standard is that lessees should recognise all leases on their balance sheet.
As per the latest available report, this BWP 6.4 billion industry currently contributes over 7.1% of the country’s GDP, in real terms as compared to 4% in 2006. Over the last decade, this industry has grown at an impressive Compounded Annual Growth Rate (CAGR) of 15%, outperforming the economy in all years, except 2013.
The economy finished 2017 on a strong note, with YoY GDP growth accelerating to 6.5% in Q4 from 1.1% in Q3 thanks to a sharp rebound in the Trade, hotels and restaurants sector, driven by inclusion of diamond aggregation process under this sector.
You’re ready to grow your business, and we’re ready to help! Success line Hub connects you to Corporate Services Alert related issue and timely business insights. Browse the hub or contact one of our advisors.
You’re ready to grow your business, and we’re ready to help! Budget Hub connects you to Botswana Budget related issue and timely business insights. Browse the hub or contact one of our advisors.
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 “Sustainability and good governance”. View our 4 page summary to get a quick preview of the 2018/19 budget.
All tax payers will be required to file their personal tax returns online, due on or before 29 September 2017. View our alert for more information, to be read in conjunction with the “Application for eService form”.
BURS has implemented Custom Management System (CMS) replacing the old ASYCUDA ++ (Automated System for Custom Data) with effect 01 January 2017. The new CMS serves to enhance Customs related transactions at Botswana borders. Following the implementation of CMS, all tax payers having import /export transactions are required to register for e-Customs using e-Services with BURS. Presently, CMS is initiated at certain borders and will be applied to all entry points beginning 1st of Feb 2017. All borders will be CMS compliant by 31st March 2017.
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 “Sustainable diversification”. View our 2 page summary to get a quick preview of the 2017/18 budget.
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 “Stimulus for growth”. View our 1 page summary to get a quick preview of the 2016/17 budget.
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 “Fuelling economic growth and diversification”. View our 1 page summary to get a quick preview of the 2015/16 budget.
With effect from 15th April 2015, taxpayers and authorized tax representative are advised that BURS will only accept bank guaranteed cheques to settle tax owing.
Certain amendments have been made to the Value Added Tax Act. These amendments are effective from 23 January 2015. BURS would expect anyone affected by the stated change to take appropriate steps with immediate effect.
Grant Thornton International Business Report is an annual report conducted by Grant Thornton International. This edition which focuses on Botswana, provides an economic update.