The Botswanan Ministry of Finance and Economic Development Feb. 10 posted online the 2025 budget speech delivered by the Minister of Finance. The speech describes measures to: 1) introduce three bills during the 2025-2026 financial year to enact a new Tax Administration Act to harmonize rules in the VAT Act and Income Tax Act, to reduce taxpayers’ compliance time, and to eliminate duplication in filing and payment; 2) repeal and re-enact both acts to include modern business practices, with the Income Tax Act updated for current global business trends and international tax issues; 3) broaden the VAT base by introducing ...
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