The Tax Platform

This week we look into the topic financial year. Is it aligned to the validity period for a Tax Clearance Certificate or it's a different concept altogether?

This week we have a look at the statement of account. What is it and how can you use it in your daily compliance duties?

This coming Friday marks the end of the 2023 tax year. Few pointers to look out for as it comes to an end.

What is it and how can you use it to manage your compliance risk?

We deep dive into understanding The Tax Clearance Certificate. What is this document and how does one get it.

This week we look at the special incentives available for manufacturing entities in Botswana.

This week we look at taxation of Mining Companies. Special incentives available for the industry

This week we delve into the taxation of not for profit organisations, when they need to register and what taxes they are eligible to pay.

This week we look at the newly enacted Transfer Duty Act and the changes that are coming up.

Medical services VAT exemption to take effect on the 3rd of May 2023.

This week we follow through on a question from one of our followers on the deferred tax implications of bad debts and bad debts provisions!

This week we look into the tax implications of bad debts for both income tax and VAT purposes.

This week we look at the issue of approved training expenditure. This incentive is available for those who are not eligible to get reimbursements from Human Resources Development Council (HRDC). After approval a taxpayer will be able to claim 200% of what they have spent on their employees. Enjoy

We look into the taxes that one is required to register for when they commence business.

On Saturday 1st April the VAT rate will go back to 14% from the temporary rate of 12%. We discuss the implications on VAT return submission for the subsequent tax periods.

Compensation payments that arise because of disputes between former employer and employees are often a contentious issue as the courts often has to decide what should be deducted or not. We decipher the issue of deduction of tax by former employers from compensation payments made to former employees.

On this week’s episode we answer a question from one of our followers on whether BURS is criminalizing taxpayers by issuing demand letters for them to settle the debt appearing in their accounts. We answer this question and go into detail on how this arises and how it can be avoided!

This week we discuss the Transfer Duty Bill and it’s implications on business and individuals.

This past week Botswana ratified the African Continental Area Free Trade Agreement to become part of the larger market of more than 1 billion. This means that Botswana is likely to lose on income from Customs duties through its share from the South African Customs Union. We look deeper into other impacts that this agreement brings.

This week we have a look at the proposed changes to the exempt and zero rated items lists and what they mean for you as a business and taxpayer or ordinary man on the street.

Deciding on the rate to use when you are earning Commission and Directors’ fees and salary subject to PAYE

This week we start our episode by highlighting the tax amendments that are proposed by the Minister of Finance and go into withholding tax on royalties and management fees

This week we look at the subject withholding tax on dividends and interest. The interest is both from savings/investments and loans.

This week we address withholding tax on livestock sold for slaughter. How much is withheld when you sell your goats or cattle to BMC?

This week we dissect the extension of the 12% VAT rate to 31st March 2023 and the standard rating of Cooking Oil and Cooking Gas. We further note the impact on the financial audit and tax accounting for periods April to June 2023.