The Ministry of Finance and Economic Development today presented the 2025/2026 budget proposals to the National Assembly. Highlights of the tax-related proposals include:
- 1.5% increase in both company tax rates (from 22% to 23.5%) and the marginal tax rate for individuals (from 25% to 26.5%)
- Ongoing reviews of tax legislation, with plans to introduce a new Tax Administration Act
- Revised income tax and value added tax (VAT) laws
- Botswana Unified Revenue Service (BURS) projects introducing VAT on digital transactions, implementing electronic invoicing for VAT collection, and a "track and trace" solution for excisable goods
Read a February 2025 report (28 pages) prepared by the KPMG member firm in Botswana that details further tax proposals concerning:
- Income tax
- Taxation of other entities
- Transfer pricing
- Capital transfer tax
- Transfer duty
- VAT
- Withholding taxes