The Lesotho Revenue Authority announced on 26 August 2020 that the income tax treaty with Botswana entered into force on 30 January 2020. The treaty, signed 20 April 2010, is the first of its kind between the two countries. Taxes Covered The treaty covers Botswana income tax including any withholding tax, prepayment, or advance tax payment with respect to aforesaid tax, and capital gains tax. It covers Lesotho taxes imposed under the Income Tax Act, 1993 (Act No. 9 of 1993). Residence If a company is considered resident in both Contracting States, the competent authorities will determine the company's residence...