For more information refer to section 64A of the 2011 Tax amendments of the Income Tax Act Chapter 50.01. You are required to file a tax return even if your only source of income is from employment on which tax has been deducted at source through Pay as you earn (PAYE) system. The major portion of the tax shortfall is to be made up by way of a large increase in the fuel levy. Because, as mentioned, the bulk of the proposed amendments are so technical in nature, these will be mentioned in passing, and only those of more general interest will be explored in a little more detail.

Personal Income Tax Act (Amendment) Bill 2018

A Personal Income Tax Act (Amendment) Bill 2018 was presented before the House of Representatives for deliberation. It'll seek to amend the Personal Income Tax Act or the Principal Act by providing that PIT deduction on a worker's income should be remitted to

If the intention of these amendments is to tax indirect changes in ownership using Ugandan subsidiaries as a basis, then it is not clear that there is need for an amendment to the sourcing rules per the proposed changes to section 79. If a Ugandan resident or

On 2 December 2019, major amendments to the Botswana competition regime were brought into effect. The implementation of the Competition Act 2018 will lead to businesses operating in Botswana facing a heightened level of risk due to tougher sanctions being applicable.

As of January 1st 2015 some significant amendments to the Corporate Income Tax Act will come into force. Two of them are crucial and will apply to most of the tax payers – the CFC (Controlled Foreign Corporations) rules and changes in the thin capitalization

Botswana Introduction Value-added tax (VAT) was introduced in Botswana with effect from 1 July 2002 to replace sales tax. Botswana's VAT legislation is contained in the Value-Added Tax Act, 2000. The VAT system is administered by the Commissionerof the

Botswana Taxes Overview

2013/6/6Botswana Income Tax Rates Botswana personal income tax rates are progressive, up to 25%. Botswana personal tax regime is based on taxable income brackets. Botswana tax rates for individuals have been amended so that the non-taxable threshold for resident

1. Short title This Act may be cited as the Companies Act. 2. Interpretation (1) In this Act, unless the context otherwise requires - accounting records means the accounting records referred to in section 189; accounting period means, in relation to a company or another body corporate, the period in respect of which the financial statements of the company or other body corporate are made

2020/8/17For countries with 1-3 previous constitutions, the years are listed; for those with 4-9 previous, the entry is listed as "several previous," and for those with 10 or more, the entry is "many previous." The amendments subfield summarizes the process of am . . .

The tax sparing credit is the subject matter of the FTC Regulations; the FTC Regulations do not qualify the income that may be eligible for the tax sparing credit. Substance requirements for 3% tax rate a. The 3% tax rate does not apply to the provision of b.

2020/8/7The purpose of the agreements between the two tax administrations of two countries is to enable the administrations to eliminate double taxation. The Double Taxation Agreements (DTAs) and Protocols that are already in force, have been divided into two groups to make navigation easier, i.e.-

Botswana in relation to any occurrence, matter or thing prior to the 30th September, 1966, means the territory comprising the Bechuanaland Protectorate; Chief means a Chief of one of the tribes and includes the regent thereof, and any person appointed as tribal authority in accordance with any enactment relating to chieftainship;

Clause 5 of the Bill would set out the amendments to section 4. Paragraph (a) (i) provides for the deletion of section 4(2)(a) of the Income Tax Act. Section 4(2) creates an offence where any person who had possession of, or control over any document return or

The Transfer Duty Amendment Bill No. 32 of 2018 was published in the Government Gazette on the 2 nd November 2018 for consideration and debate by Parliament. The Bill proposes various amendments to the Transfer Duty Act Cap 53:01 in respect of transfer

Worldwide Tax Summaries Online

The treaty/amendments to the treaty is/are effective as of 1 January 2019. The treaty is effective as of 1 January 2020. 5% WHT rate applies in the cases of royalty payments for the use of, or the right to use, industrial, commercial, or scientific equipment. 8% WHT rate applies for all other cases.

2020/8/17For countries with 1-3 previous constitutions, the years are listed; for those with 4-9 previous, the entry is listed as "several previous," and for those with 10 or more, the entry is "many previous." The amendments subfield summarizes the process of am . . .

The Transfer Duty Amendment Bill No. 32 of 2018 was published in the Government Gazette on the 2 nd November 2018 for consideration and debate by Parliament. The Bill proposes various amendments to the Transfer Duty Act Cap 53:01 in respect of transfer

Contents Revenue Legislation Amendment Bill 2018 v11 Page 2 Authorised by the Parliamentary Counsel 15 Amendment of sch 2 (Rate of land tax—companies and trustees) 10 16 Amendment of sch 3 (Rate of land tax—absentees) . . . . . . . . . . 10 Part 5

Single Filer Tax Brackets for Ordinary Income Under Current Law and the Senate's Tax Cuts and Jobs Act (2018 Tax Year) Current Law Original Proposal Chairman's Mark 10% $0-$9,525 10% $0-$9,525 10% $0-9,525 15% $9,525-$38,700 12% $9,525-$38,700 12%

Legislation on-line Laws of Botswana,, Botswana (DOC.NORMES) (consulted on 2013-03-11) Abstract/Citation: This Act amends section 23 of the Employment Act concerning restrictions of the grounds upon which an employer may terminate the employment contract by adding sexual orientation and health status (including HIV/AIDS status) as prohibited grounds of discrimination.

On 2 December 2019, major amendments to the Botswana competition regime were brought into effect. The implementation of the Competition Act 2018 will lead to businesses operating in Botswana facing a heightened level of risk due to tougher sanctions being applicable.

The Botswana Public Officers Pension Fund is a legal entity, which was created in accordance with the provisions of the Pensions and Provident Fund Act, 1987 as well as the associated Pensions and Provident Funds Regulations, 1988. Upon registration the Fund

This document is based on our interpretation of the current Botswana tax law and international tax principles. These principles are subject to change occasioned by future legislative amendments and court decisions. You are therefore cautioned to keep abreast of

The treaty/amendments to the treaty is/are effective as of 1 January 2019. The treaty is effective as of 1 January 2020. 5% WHT rate applies in the cases of royalty payments for the use of, or the right to use, industrial, commercial, or scientific equipment. 8% WHT rate applies for all other cases.

Income Tax Amendment Bill 2019 – Botswana Gazette MOODY'S AFFIRMS STABLE CREDIT RATING FOR BOTSWANA March 19 2020 Admin Business News Diversification is Vital to BIHL Growth – Lesetedi Income Tax Amendment Bill 2019 Admin Business News Dreaded tax law on interest relaxed SHARE Dreaded tax law on interest relaxed