botswana tax amendments

Bill No. 3 Value Added Tax (Amendment) Bill 2016

Bill No. 3 Value Added Tax (Amendment) Bill 2016 THE VALUE ADDED TAX (AMENDMENT) BILL 2016. MEMORANDUM The object of this Bill is to amend the Value Added Tax Act, Cap 349 to provide for persons engaged in midstream petroleum operations to register as taxable persons under the Act; to remove compact

THE LATEST ACTS, BILLS AND REGULATIONS ACTS Act Date of ...

business in Botswana or intends to establish a significant business in Botswana. Income Tax (Amendment), Act 2017, Ref Act No. 7/2017 28.04.2017 The 12th Schedule to the Income Tax Act has been amended to allow any mining company which is subject to an existing mining tax agreement to continue to operate under the terms of such agreement or make a

Africa Tax In Brief - 13 March 2019 - Tax - South Africa

Mar 22, 2019· following Botswana's joining of the Base Erosion and Profit Shifting ("BEPS") Inclusive Framework in June 2017, transfer pricing has been introduced as an amendment to the Income Tax Act; and; during the course of the 2019/202 financial year, the Capital Transfer Tax Act is …

Botswana issues 2019 budget - EY - Global

There is a commitment to conclude the amendments to the Transfer duty Bill and Trade Act during 2019. In addition, the Minister confirmed the publication of the Income Tax (Amendment) Act, 2018 – Act No.38 of 2018 amending the anti-avoidance provisions and introducing Transfer Pricing (TP) legislation. The effective date of the legislation is ...

IFSC Incentives – Botswana IFSC

Oct 19, 2018· Botswana has put great effort into creating a model framework to effectively conduct and regulate IFSC operations. Legislation includes income tax amendments to cater for a privileged IFSC tax regime. These include: a guaranteed corporate tax of 15% until June 2020;

Legislation Botswana (Lexadin)

Chapter53-01 Capital Transfer Tax Chapter53-02 Capital Transfer Tax Chapter53-02 Capital Transfer Tax Chapter53-03 Botswana Unified Revenue Service Act Income Tax (Ammendments) Act 1999 Income Tax (Ammendments) Act July 2006 Income Tax (Ammendments) Declaration Value Added Tax Act Amendment Act 2002. Banking Law. Bank of Botswana (Amendment) Act

Taxation and Investment in South Africa 2017 - Deloitte US

members are Botswana, Lesotho, Namibia and Swaziland. South Africa also forms part of the BRICS ... The Intellectual Property Laws Amendment Act and the Counterfeit Goods Act reflect South Africa's ... tax deduction is dependent on an "energy efficiency savings certificate" issued by the South African

CHAPTER 52:01 - INCOME TAX: SUBSIDIARY LEGISLATION …

CHAPTER 52:01 - INCOME TAX: SUBSIDIARY LEGISLATION INDEX TO SUBSIDIARY LEGISLATION Botswana-Barbados Double Taxation Avoidance Agreement Order Botswana-France Double Taxation Avoidance Agreement Order Botswana-India Double Taxation Avoidance Agreement Order Botswana-Namibia Double Taxation Accordance Agreement Order Botswana-Russian …

Botswana Value-added tax (VAT) Rates

Botswana has a national Value-added tax (VAT) of 12% as of 2019, administered by the . Visit this page for an executive summary of Botswana's tax structure and rates, by SalesTaxHandbook.

South Africans Abroad: Your TAX Questions Answered by an ...

The implications of proposed tax law amendments for 2017 – published this week by the National Treasury – have confused and concerned many South Africans working abroad. Jerry Botha, Managing Partner of Tax Consulting, has kindly answered several queries sent to SAPeople: 1. SAPeople follower: Is it true that SARS is in the process of adjusting […]

CHAPTER 52:01 INCOME TAX - BURS

An Act to consolidate and amend the law relating to the imposition, assessment and collection of tax on incomes. [Date of Commencement: 1st July, 1995.] PART I Preliminary (ss 1-2) 1. Short title This Act may be cited as the Income Tax Act. 2. Interpretation In this Act, unless the context otherwise requires-

BOTSWANA - Botswana introduces transfer pricing from 1 ...

BOTSWANA - Botswana introduces transfer pricing from 1 July 2019. March 2019. The Botswana tax authority (BURS) has for many years relied on anti-avoidance rules in the Income Tax Act to scrutinise transactions between related parties. This presented a lot of challenges in that the anti-avoidance rules are too vague and broad to implement.

INCOME TAX (AMENDMENT) ACT, 1982 - botswanalaws.com

An act to amend the Income Tax Act Date of Assent: 25.10.82. Date of Commencement: 1.7.82 ENACTED by the Parliament of Botswana. 1. (1) This Act may be cited as the Income Tax (Amendment) Act, 1982. (2) Subject to the provisions of subsection (3), this Act shall be deemed to have come into operation on 1st July, 1982.

Regulation – Botswana IFSC

Oct 19, 2018· Download Bank of Botswana (Amendment) ACT, 1999 – PDF 122Kb. Taxation The taxation environment for IFSC operations is facilitated by Income Tax (Amendment) Act, 1999. This provides for a standard 15% corporate tax rate for IFSC companies. It also provides for exemption from withholding tax and tax credit.

Botswana Taxes Overview | South African Tax Guide

Botswana withholding tax on royalty payments made to nonresidents is 15%. The withholding tax on royalty payments may not be offset against the corporate liability. Branch Remittance Tax: There is no branch remittance tax in Botswana. Real Property Tax: Botswana local authorities levy a property tax known as 'rates', on property owners.

Namibia: Cabinet Affirms EU Tax Commitments - Global ...

Jun 05, 2019· The tax rules which were to be abolished included the scrapping of the lower tax rates applicable to manufacturing entities. This was excluded from the minister's list of expected tax amendments when he tabled the national budget this year. ... Zambia, Angola, Botswana and Mauritius also involved, while the Global Forum on Transparency and ...

Botswana Tax and Budget Summary 2017/2018 - home.kpmg

Corporate tax rate - non-resident company . Standard rate 30% . Self Assessment Tax (SAT ) Corporate tax is payable via the self-assessment system in quarterly SAT . instalments on a financial year basis. Companies with annual income tax liabilities of less than P 50 000 may elect to make one payment within 4 months of end of the financial year.

Republic of Botswana - Government portal

The taxable income of a non-resident is charged to tax on an agent in the same amount as would have been charged on the non-resident. An agent should be related to the non resident in the sense that the agent is a resident in Botswana and has the management and control of property in Botswana of such non-resident or who is appointed by a non–resident to act on his behalf.

Guide to fiscal information Key economies in Africa 2018

Details of each country's income tax, VAT (or sales tax), and other significant taxes are set out in the publication. In addition, investment incentives available, exchange control regimes applicable (if any) and certain other basic economic statistics are detailed. The contact details for each country are provided on the

Rushed through - the Income Tax Bill | Sunday Standard

Dec 17, 2018· Based on the commitment to amend the Act, Botswana is scheduled for a final review by the Forum on Harmful Tax Practices in January 2019. Mr Speaker, the passage of this Bill is one step that is required to put this country on the right path, so as to be able to pass the January 2019 review by this Forum on Harmful Tax Practices," said Matambo.

Botswana.Employment Act, 1982

(a) induces or attempts to induce another person to proceed beyond Botswana with a view to being employed or, if that other person is already an employee, continuing his employment outside Botswana without a contract of employment made and dealt with in accordance with this Act or otherwise than in accordance with this Act; or

Botswana Tax & Budget Summary 2018/2019 - home.kpmg

Amendment of the Income Tax Act to, amongst others, introduce Transfer Pricing Rules and review the IFSC provisions to remove the perception that Botswana is a tax haven. This is expected to be approved by Parliament during the 2018 calendar year. Amendment of the Financial Intelligence Act and related

botswana tax amendments - elthamlodge.co.za

Mmegi Online :: Botswana moves to shake off 'tax . Botswana moves to shake off 'tax haven' tag *Matambo to sign tax treaty with China this month Cabinet has approved amendments to the Income Tax and Banking Acts that ...

Mmegi Online :: Botswana moves to shake off 'tax haven' tag

Botswana moves to shake off 'tax haven' tag *Matambo to sign tax treaty with China this month Cabinet has approved amendments to the Income Tax and Banking Acts that will see Botswana's ...

INCOME TAX (AMENDMENT) ACT, 1979 - botswanalaws.com

Short title and commence­ ment Amendment of section 2 of Cap, 52;01 An Act to amend the Income Tax Act Date of Assent: 26.4.79 Date of Commencement: See section 1 (2), (3) and (4) ENACTED by the Parliament of Botswana

Business wary of new tax amendments - Botswana Guardian

Mar 26, 2019· "If any amendment could be done, this could surely save the sectors," said Hore citing that the amendments will make it difficult for mining and construction sectors to attract investors. The new income tax act encourages businesses to inject more capital into their business to avoid loan interest, which increases tax bills.

Botswana : Introduction To Tax System In Botswana

Apr 14, 1997· After Bechuanaland gained independence from the British in 1966 to become "The Republic of Botswana", in light of the various past amendments to existing tax legislation, a consolidating enactment was required. The year 1973 saw the enactment of the "Income Tax Act of Botswana", which is the primary tax law of the country.

Botswana Income Tax Amendment Bill to introduce new ...

Botswana Income Tax Amendment Bill to introduce new transfer pricing legislation. Although formal regulations are still to be promulgated, multinational enterprises operating within Botswana would have to prepare to be compliant with the new tax amendments or face significant penalties.

ZIMBABWE - Amendments to the VAT and customs legislation - …

BOTSWANA - Botswana introduces transfer pricing from 1 July 2019; ... ZIMBABWE - Amendments to the VAT and customs legislation. March 2019. ... The VAT Act has been amended to allow for the extension of time for claiming the deduction of input tax beyond the prescribed 12 months. To qualify for the extension the taxpayer must satisfy the ...

Namibia Tax Reference and Rate Card 2018 - pwc.com

Tax treaties Double tax agreements may reduce withholding taxes. Namibia has double tax agreements with Botswana, France, Germany, India, Malaysia, Mauritius, Romania, Russia, South Africa, Sweden and the United Kingdom. Tax compliance Income tax returns and tax payments due dates Individuals Individuals (Employees) 30 June each year provisional

Botswana issues 2019 budget - ey.com

Global Tax Alert Botswana issues 2019 budget NEW! EY Tax News Update: Global Edition EY's new Tax News Update: Global ... There is a commitment to conclude the amendments to the Transfer duty Bill and Trade Act during 2019. In addition, the Minister confirmed the publication of the Income Tax (Amendment) Act, 2018 – Act No.38 of 2018 ...

Weekend Post :: Business - Income Tax Act Amendment alters ...

Botswana, like other countries, also has this regime as one of the incentives available to investors who have interest in doing business in Botswana. Tax benefits available for IFSC companies in Botswana include a corporate tax rate of 15% (compared to the normal 22%) for dealings with non-residents and no tax on capital gains on shares in an ...