Republic of Botswana 

Country Overview

Capital City:

Gaborone

Chief of State:

Seretse Khama Ian KHAMA
President since 2008

Head of Government:

Seretse Khama Ian KHAMA
President since 2008

Area (sq km):

581,730 (land & water)

Population:

1,800,098

Revenue Overview

Revenue Authority:

Botswana Unified Revenue Service      

Administration Head:

Mr Keneilwe Robert MORRIS
Commisioner General

Institution Address:

*

Private Bag 0013,

Gabarones, Botswana

'

Phone:

+267 363 9501

7

Fax:

+267 395 1918

;

e-Mail:

kmorris@burs.org.bw

Country Correspondent:

Mr Segolo LEKAU

Commissioner Internal Revenue

Contact Details:

'

Phone:

+267 363 9502

7

Fax:

+267 390 0955

;

e-Mail:

slekau@burs.org.bw

Country Correspondent:

Mr James Sethibe

Contact Details:

'

Phone:

+267 363 8000

7

Fax:

+267 363 9999

Country Correspondent:

Ms Dintle Kebonyethebe

Contact Details:

'

Phone:

+267 363 9501

;

e-Mail:

dkebonyethebe@burs.org.bw

Tax Rate Overview

Personal Income Tax:

Tax Year:

1 July to 30 June

Tax Rate:

Botswana personal income tax rates are progressive, up to 25%.

• Only individuals earning non-employment income are required to file a return. Tax on employment income is deducted at source. The income tax return must be filed within 3 months of the end of the tax year, although reasonable extensions may be granted. Any balance of tax due when the tax authorities issue an assessment is payable within 30 days of receipt of the assessment. Unincorporated businesses pay tax on the same basis as individuals.

Corporate Tax:

Tax Year:

1 July to 30 June

Tax Rate:

15% or 25%

• A low taxation environment has been in place in Botswana for some years to encourage inward investment and expansion by local business, and will be maintained for the foreseeable future. Corporate income tax is capped at 25%, while a special 15% rate is available for certain categories of manufacturing and all companies operating within the jurisdiction of the International Financial Services Centre (IFSC).
• The 15% tax for manufacturing and companies operating within the jurisdiction of the International Financial Services Centre (IFSC) comprises of 10% additional company tax (ACT) and 5% basic company tax.
• Botswana has one of the simplest and comprehensive tax regimes in the world. Corporate tax rates in Botswana are the lowest in the SADC region at 15% for all manufacturing concerns and all companies operating within the jurisdiction if the BIFSC and 25% for other non-manufacturing. VAT is imposed comprehensively on an end-user basis and the rate of 10% on standard rated supplies and 0% on zero-rated supplies.

Nature of the Tax:

Value Added Tax (VAT)

Tax Rate:

10%

Filing & Payment:

A person registered for VAT purposes must submit a VAT return in respect of each tax period within 25 days after the end of the relevant tax period. The tax period is generally 1 calendar month.

Economic Overview

GDP per capita (PPP) %:

7,000 US$

Tax to GDP Ratio %:

22.6% (2010)

Inflation Rate %:

8.2%

Currency:

Botswana Pula