When dealing with the income Tax rate in Botswana, citizens and foreigners have to put into consideration major factors. The Botswana income Tax rate plays a key role in the country’s economy.
The sales, corporate and personal income tax rate in Botswana are determined from different sources. The taxation system are based, known and carried out by the regulatory bodies.
Many are asking, How much is income tax on salary? What is the company tax rate in Botswana? What is withholding tax in Botswana?
If you wish to have the details on the income Tax rate for citizens, foreigners or expats, kindly go through the information below.
How much is the Income Tax rate in Botswana on Salary?
Once your net income has been calculated, the following tax slabs will be applicable
| Net Income | Income Tax Rate |
| Up to Rs.2.5 lakhs | Nil |
| Rs.2.5 lakhs to Rs.5 lakhs | 5% of (Total income – Rs.2.5 lakhs) |
| Rs.5 lakhs to Rs.10 lakhs | Rs.25,000 + 20% of (Total income – Rs.5 lakhs) |
| Above Rs.10 lakhs | Rs.1,12,500 + 30% of (Total income – Rs.10 lakhs) |
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What is the company tax rate in Botswana?
The Country has a source-based taxation system. CIT is charged at a single flat rate of 22%. Manufacturing companies having approval from the Minister of Finance for a special tax rate will be charged at the rate of 15%.
What is the VAT rate in Botswana?
There are temporary reductions in value-added tax (VAT) rates—effective 1 August 2022 to 31 January 2023— This was announced by the minister of Finance to mitigate the rising cost of living for households: Reduction in the standard rate to 12% (from 14%
What is withholding tax in Botswana?
The withholding tax (WHT) on nonresidents is at the rate of 15% for interest, commercial royalties, and management and consultancy fees, 10% for dividends, and 10% for entertainment fees, where such income is of Botswana origin
That’s all you need for the Income Tax rate in Botswana, use the comments section below for questions.
