Botswana: Tax measures in 2017-2018 budget

Botswana: Tax measures in 2017-2018 budget

The Minister of Finance and Economic Development on 6 February 2017 delivered the budget proposals for 2017-2018 to the National Assembly.

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The budget proposals include measures to improve administrative efficiency and optimize revenue collection—specifically with simplification measures under the income tax and the value added tax (VAT) regimes.

The government is proposing to introduce transfer pricing rules that would include thin capitalisation measures.

In addition, the government is considering the imposition of penalties under the income tax law for non-filers, irrespective of whether tax is payable, and the inclusion of the sale of property by the deputy sheriff as a taxable supply for VAT purposes.

 

Read a February 2017 report [PDF 685 KB] prepared by the KPMG member firm in Botswana

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