Botswana

Overview

Last reviewed - 31 July 2020

The 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. The official language of Botswana is English, although Setswana is widely spoken across the country. The official currency of Botswana is the pula (BWP).

Formerly the British protectorate of Bechuanaland, Botswana adopted its new name upon independence in 1966. Four 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 middle-income country with a per capita gross domestic product (GDP) of 7,877 United States dollars (USD) in 2017. Botswana has been ranked as one of the best credit risk in Africa. Diamond mining has fuelled much of the expansion and currently accounts for one-fifth of GDP, 40% of export earnings, and about one-fifth 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, audit, 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
Headline CIT rate (%)

22

Corporate income tax (CIT) due dates
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
Headline PIT rate (%)

25

Personal income tax (PIT) due dates
PIT return due date

30 September

PIT final payment due date

NP

PIT estimated payment due dates

PAYE

Value-added tax (VAT) rates
Standard VAT rate (%)

12

Withholding tax (WHT) rates
WHT rates (%) (Div/Int/Roy)

Resident: 7.5 / 10 / NA;

Non-resident: 7.5 / 15 / 15

Capital gains tax (CGT) rates
Corporate capital gains tax rate (%)

Capital gains are subject to the normal CIT rate.

Individual capital gains tax rate (%)

25

Net wealth/worth tax rates
Headline net wealth/worth tax rate (%)

NA

Inheritance and gift tax rates
Inheritance tax rate (%)

12.5

Gift tax rate (%)

12.5

NA stands for Not Applicable (i.e. the territory does not have the indicated tax or requirement)

NP stands for Not Provided (i.e. the information is not currently provided in this chart)

All information in this chart is up to date as of the 'Last reviewed' date on the corresponding territory Overview page. This chart has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this chart, and, to the extent permitted by law, PwC does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.