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Botswana 2025 Budget Plans Include Increasing Corporate and Personal Tax Rates and Introducing VAT on Digital Trade and E-Invoicing

25 February 2025

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Proposed Changes

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Botswana

Botswana's Minister of Finance delivered the 2025 Budget Speech on 10 February 2025. Tax-related plans noted by the Minister include: Enacting a new Tax Administration Act to harmonize tax rules, reduce compliance time for taxpayers, and eliminate duplications in filing and paying taxes; Enacting a new VAT Act to modernize and broaden its scope to encompass modern business practices; Enacting a new Income Tax Act to consolidate and modernize the approach to global business trends and international tax issues; Introducing VAT on digital trade to broaden the VAT tax base within the rapidly growing digital economy and promote fair taxation...