Botswana: Tax proposals in budget 2024-2025
Introduction of digital tax on electronic transactions
Introduction of digital tax on electronic transactions
The Minister of Finance and Economy Development today presented the budget for 2024-2025. Regarding tax, the budget proposes:
- Reviewing fiscal laws to consolidate, simplify, and modernize them to deal with the evolving nature of the global business environment
- Introduction of digital tax on electronic transactions
- Implementation of electronic invoicing (e-billing) for efficient value added tax (VAT) collection which is scheduled for completion in December 2024
- Implementation of a “track and trace” solution to mark and track excisable goods by July 2024
- Enhancement of electronic services platforms to simplify tax compliance and foster a business-friendly environment
Read a February 2024 report [PDF 2.9 MB] prepared by the KPMG member firm in Botswana
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