On 1 February 2021, Botswana's Minister of Finance and Economic Development delivered the budget speech for 2021/22 to the National Assembly. The main proposed tax measures include: An increase in the VAT rate from 12% to 14% with effect from 1 April 2021; An increase in the withholding tax rate on dividends from 7.5% to 10% with effect from 1 July 2021; An increase in the individual income tax exemption threshold from BWP 36,000 per year to BWP 48,000 per year (4,000 per month) with effect from 1 July 2021; and The introduction of a levy on sweetened beverages related...