Botswana Double Taxation Agreements

Learn about tax rates, the latest tax messages and information on double taxation treaties with our specialized online resources, guides and useful links. The agreement covers income tax in Botswana, including capital gains taxation and Zambi income tax. Tax Information Guide: Major Economies in Africa 2018 Overview of the Tax Environment and Investments in 44 Jurisconsultations across Africa, including this country. The guide contains income tax rates, withholding tax rates, a list of double taxation treaties, information on other taxes, investment incentives and important business data. Published by Deloitte in May 2018. A tax credit is granted unilaterally when a resident of Botswana has been taxed in another country and in cases where a double taxation agreement (DBA) has been concluded. A tax credit is also granted when income from a source has been the subject of a WHT in Botswana. The amount of the exemption is limited to the reduction of tax paid by deduction and which is normally paid on such income in Botswana. Both countries generally apply the imputation method to eliminate double taxation. A provision is also made for a tax saving credit for taxes that are exempt or reduced under laws that provide for provisions to promote economic development in Botswana and Zambia, provided that such provisions have been mutually agreed upon by the competent authorities of the States Parties as applicable rules for the purposes of the provision. Our specialized tax databases allow us to provide current and historical tax rates, comparative tables and country surveys. We have recent summaries of the most important facts, as well as detailed analyses of the tax system in countries around the world that cover corporate taxation, individual taxation, companies and investments.

The double taxation convention between Botswana and the United Kingdom was approved by the African State legislator in January 2006. The agreement was signed in Gaborone on 9 September 2005 and entered into force on 4 September 2006. Double taxation agreement with Belgium, China and Luxembourg. Malawi, Tanzania and are awaiting ratification. Discussions on possible tax treaties are taking place with the following countries: Angola, Kenya, Nigeria, Uganda and Japan. We have a collection of global double taxation treaties in English (and other languages, if available) to help members ask questions. If you are having trouble finding a contract, please call the application team on +44 (0) 20 7920 8620 or email us at ICAEW is not responsible for the content of a website to which there is a hypertext link from this website. The links are provided “as seen” without express or implied warranty for the information contained therein. Please respect the total exclusion of copyright and liability. Similarly, income from the sale of real estate as well as profits from the sale of real estate are taxed only in the country where the property is located.

The same principle applies to profits from the sale of shares in a company whose assets consist essentially of immovable property located in one of the countries. The Double Taxation Convention entered into force on 4 September 2006. Dividends are subject to a withholding tax of 5% if the company receiving such dividends holds at least 25% of the participation of the company paying the dividend and 12% withholding tax on gross amounts if the participation is less than 25%. The agreement applies to withholding taxes from 1 October 2015 and to other taxes in Botswana from 1 July 2016 and 1 April 2016 in Zambia. Tax Rates Online An online pricing tool created by KPMG that compares the tax rates of companies, indirect, individual and social insurance within a country or in several countries. Botswana: Worldwide Tax Summaries PwC`s detailed guide, which covers a wide range of corporate and personal tax issues, with overviews of important developments and quick charts showing the main current tax rates and due dates. . . .