Botswana
Overview
Last reviewed - 19 April 2024The Republic of Botswana, a landlocked country located in Southern Africa, is bordered by Namibia to the north and west, Zimbabwe to the east, and South Africa to the south. Botswana is divided into nine districts and five town councils, with Gaborone as the capital. Setswana and English are widely spoken throughout Botswana, with most official communications in English. The official currency of Botswana is the pula (BWP).
Formerly the British protectorate of Bechuanaland, Botswana adopted its new name upon independence in 1966. Five decades of uninterrupted civilian leadership, progressive social policies, and significant capital investment have created one of the most dynamic economies in Africa. Mineral extraction, principally diamond mining, dominates economic activity; however, tourism is a growing sector due to the country's conservation practices and extensive nature preserves.
Botswana has maintained one of the world's best economic growth rates since its independence. Through fiscal discipline and sound management, Botswana transformed itself from one of the least wealthy countries in the world to a prospering upper-income country with a per capita gross domestic product (GDP) of 7,738.9 United States dollars (USD) in 2022. Botswana has been ranked as one of the best credit risks in Africa. Diamond mining has fuelled much of the expansion and currently accounts for one-quarter of GDP, 85% of export earnings, and about one-third of the government's revenues. Tourism, financial services, and agriculture are other key sectors.
PwC has an extensive network of offices in most countries on the African continent. PwC Botswana offers a range of tax, assurance, and consulting services. Our professionals support clients with local knowledge and skills and with access to a broad range of other professionals across the PwC global network of firms. PwC clients are in all industries in the economy of the country.
Quick rates and dates
Corporate income tax (CIT) rates | |
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Headline CIT rate (%) |
22 |
Corporate income tax (CIT) due dates | |
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CIT return due date |
Within four months after the end of the financial year. |
CIT final payment due date |
Within four months after the end of the financial year. |
CIT estimated payment due dates |
Quarterly instalments. |
Personal income tax (PIT) rates | |
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Headline PIT rate (%) |
25 |
Personal income tax (PIT) due dates | |
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PIT return due date |
30 September |
PIT final payment due date |
NP |
PIT estimated payment due dates |
PAYE |
Value-added tax (VAT) rates | |
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Standard VAT rate (%) |
14 |
Withholding tax (WHT) rates | |
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WHT rates (%) (Dividends/Interest/Royalties) |
Resident: 10 / 10 / NA; Non-resident: 10 / 15 / 15 |
Capital gains tax (CGT) rates | |
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Headline corporate capital gains tax rate (%) |
Capital gains are subject to the normal CIT rate. |
Headline individual capital gains tax rate (%) |
25 |
Net wealth/worth tax rates | |
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Headline net wealth/worth tax rate (%) |
NA |
Inheritance and gift tax rates | |
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Headline inheritance tax rate (%) |
12.5 |
Headline gift tax rate (%) |
12.5 |