Botswana: Tax proposals in budget 2023-2024

Minister of Finance and Economy Development presented the budget

Minister of Finance and Economy Development presented the budget

The Minister of Finance and Economy Development presented the budget for 2023-2024 on 6 February 2023. Regarding tax, the budget proposes:

  • Introduction of electronic billing/invoicing platforms to improve value added tax (VAT) compliance
  • Introduction of a digital marking and tracking solution for excisable goods so that legitimate duties and taxes are paid on imported and manufactured products
  • Enhanced capacity in the use of non-intrusive equipment (scanners) to curb cases of non-compliance by importers at ports of entry
  • Implementation of the “Debt Recovery Strategy” and strengthening of the tax audit function
  • Amendment of transfer duty act to remove bottlenecks in the access to land by both Botswana and businesses
  • Review of the list of VAT zero-rated or exempt items

Read a February 2023 report [PDF 758 KB] prepared by the KPMG member firm in Botswana


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