Determining a “resident individual” and a “non-resident employee” The relevant rules are principally in sections 2, 7, 8 and 14 of the Income Tax Act, 2026 that commenced from 01 July 2026. 1. Resident individual Under section 7, an individual is a Botswana tax...
Botswana’s tax environment is set for one of its most significant updates in decades. The proposed Tax Administration Act, together with related Income Tax, VAT and Customs legislative changes, is expected to reshape how taxpayers register, file returns, keep records,...
The Companies (Amendment) Act, 2025 has introduced several significant changes to Botswana’s corporate landscape. These amendments are aimed at enhancing transparency, corporate governance, and regulatory oversight in line with the requirements of the Financial...
Introduction His Honour the Vice President and Minister of Finance, in his inaugural Budget presentation, unveiled the Government's proposed national budget for the 2025/2026 financial year. The Government emphasized fiscal restraint, reduced expenditure, and...
WINDING UP OPTIONS MEMBERS’ VOLUNTARY WINDING UP VS DEREGISTRATION Directors and shareholders of dormant companies without reasonable future business prospects wishing to reduce regulatory compliance costs and administrative burdens, as well as the ability to avoid...
BOTSWANA TAX COMPLIANCE GUIDE DSS offers a comprehensive tax compliance service, supporting clients to comply with their statutory tax declaration requirements in line with the tax regulations, as well as the frequent changes and updates in legislation and procedures....
Directors and shareholders of dormant companies without reasonable future business prospects wishing to reduce regulatory compliance costs and administrative burdens, as well as the ability to avoid ongoing reporting and disclosure requirements will likely seek to...
In an ever-evolving financial landscape, regulations play a pivotal role in ensuring transparency and efficiency. One such directive issued by the Non-Bank Financial Institutions Regulatory Authority (NBFIRA) to the Central Securities Depository Botswana (CSDB) has...
Customer Due Diligence (CDD), also known as the “Know-Your-Client” (KYC) process, is a cornerstone of an effective Anti-Money Laundering (AML) strategy. CDD involves verifying customer identities, assessing risk profiles, and continuously monitoring transactions to...