bw.icalculator.com
Open in
urlscan Pro
2606:4700:20::ac43:4402
Public Scan
URL:
https://bw.icalculator.com/
Submission: On December 07 via api from US — Scanned from US
Submission: On December 07 via api from US — Scanned from US
Form analysis 1 forms found in the DOM
<form id="calBW">
<table class="calculator">
<caption>Botswana Tax Calculator </caption>
<tbody>
<tr>
<td class="ce" colspan="2"><input type="radio" id="c1" name="adv" value="0" checked="checked" class="advanced"><label for="c1">Simple</label><input type="radio" id="c2" name="adv" value="1" class="advanced"><label for="c2">Advanced</label>
</td>
</tr>
<tr>
<td class="ce" colspan="2"><input type="radio" id="j1a" name="j1" value="0" checked=""><label for="j1a">Resident</label><input type="radio" id="j1c" name="j1" value="1" selected=""><label for="j1c">Non Resident </label></td>
</tr>
<tr>
<td><label for="j2">Employment Income</label></td>
<td><input type="number" id="j2" name="j2" value="80000" min="0" step="0.01"></td>
</tr>
<tr id="j2error" class="error hideme">
<td class="ce" colspan="2">*** Please enter your employment income ***</td>
</tr>
<tr class="hideme resem">
<td class="ce"><input type="button" class="submit" id="printMe" name="printMe" value="Print"></td>
<td class="ce"><input type="button" class="submit" id="emailMe" name="emailMe" value="Email"></td>
</tr>
</tbody>
</table>
<table class="calculator adv hideme">
<caption>Advanced Botswana Salary Calculator </caption>
<tbody>
<tr>
<td><label for="s99">Tax assessment year?</label></td>
<td class="ri"><select id="s99" name="s99">
<option value="2023" selected=" selected">2023</option>
<option value="2022">2022</option>
<option value="2021">2021</option>
<option value="2020">2020</option>
<option value="2019">2019</option>
</select></td>
</tr>
<tr>
<td><label for="s90">What is your age?</label></td>
<td class="ri"><select id="s90" name="s90">
<option value="16">16</option>
<option value="17">17</option>
<option value="18">18</option>
<option value="19">19</option>
<option value="20">20</option>
<option value="21">21</option>
<option value="22">22</option>
<option value="23">23</option>
<option value="24">24</option>
<option value="25" selected="">25</option>
<option value="26">26</option>
<option value="27">27</option>
<option value="28">28</option>
<option value="29">29</option>
<option value="30">30</option>
<option value="31">31</option>
<option value="32">32</option>
<option value="33">33</option>
<option value="34">34</option>
<option value="35">35</option>
<option value="36">36</option>
<option value="37">37</option>
<option value="38">38</option>
<option value="39">39</option>
<option value="40">40</option>
<option value="41">41</option>
<option value="42">42</option>
<option value="43">43</option>
<option value="44">44</option>
<option value="45">45</option>
<option value="46">46</option>
<option value="47">47</option>
<option value="48">48</option>
<option value="49">49</option>
<option value="50">50</option>
<option value="51">51</option>
<option value="52">52</option>
<option value="53">53</option>
<option value="54">54</option>
<option value="55">55</option>
<option value="56">56</option>
<option value="57">57</option>
<option value="58">58</option>
<option value="59">59</option>
<option value="60">60</option>
<option value="61">61</option>
<option value="62">62</option>
<option value="63">63</option>
<option value="64">64</option>
<option value="65">65</option>
<option value="66">66</option>
<option value="67">67</option>
<option value="68">68</option>
<option value="69">69</option>
<option value="70">70</option>
<option value="71">71</option>
<option value="72">72</option>
<option value="73">73</option>
<option value="74">74</option>
<option value="75">75</option>
<option value="76">76</option>
<option value="77">77</option>
<option value="78">78</option>
<option value="79">79</option>
<option value="80">80</option>
<option value="81">81</option>
<option value="82">82</option>
<option value="83">83</option>
<option value="84">84</option>
<option value="85">85</option>
<option value="86">86</option>
<option value="87">87</option>
<option value="88">88</option>
<option value="89">89</option>
<option value="90">90</option>
<option value="91">91</option>
<option value="92">92</option>
<option value="93">93</option>
<option value="94">94</option>
<option value="95">95</option>
<option value="96">96</option>
<option value="97">97</option>
<option value="98">98</option>
<option value="99">99</option>
<option value="100">100</option>
</select></td>
</tr>
<tr>
<td><label for="s91">How many children do you have?</label></td>
<td class="ri"><select id="s91" name="s91">
<option selected="selected">0</option>
<option>1</option>
<option>2</option>
<option>3</option>
<option>4</option>
<option>5</option>
<option>6</option>
<option>7</option>
<option>8</option>
<option>9</option>
</select></td>
</tr>
<tr>
<td><label for="s91a">How many children above qualify for Dependents Allowance?</label></td>
<td class="ri"><select id="s91a" name="s91a">
<option selected="selected">0</option>
<option>1</option>
<option>2</option>
<option>3</option>
<option>4</option>
<option>5</option>
<option>6</option>
<option>7</option>
<option>8</option>
<option>9</option>
</select></td>
</tr>
<tr>
<td><label for="s92">Number of working days per year?</label></td>
<td class="ri"><input type="number" id="s92" name="s92" value="253" min="1" step="1" max="365"></td>
</tr>
<tr>
<td><label for="s93">Number of hours worked per week?</label></td>
<td class="ri"><input type="number" id="s93" name="s93" value="35" min="1" step="0.5" max="100"></td>
</tr>
<tr>
<td><label for="s94">Number of weeks for weekly calculation?</label></td>
<td class="ri"><input type="number" id="s94" name="s94" value="52" min="1" step="1" max="52"></td>
</tr>
<tr>
<td><label for="s95">Employment Income and Employment Expenses period?</label></td>
<td class="ri"><select id="s95" name="s95">
<option value="1" selected="">Annual</option>
<option value="12">Month</option>
<option value="13">4 Weeks</option>
<option value="26">2 Weeks</option>
<option value="52">1 Weeks</option>
<option value="365">1 Day</option>
<option value="10000">1 Hour</option>
</select></td>
</tr>
</tbody>
</table>
</form>Text Content
iCalculator™ BW"Informing, Educating, Saving Money and Time in Botswana"
ICALCULATOR™ BW
* Botswana Home
* Explore the BW Tax Hub
* Income Tax Calculator 2023
* Income Tax Calculator 2022
* 2023 Tax Tables
* 2022 Tax Tables
* Botswana Salary Calculators
* Botswana Salary Examples
* Botswana VAT Calculator
* Botswana Reverse VAT Calculator
* Botswana Capital Gains Tax Calculator
* Botswana Income Tax Rates
* Salary Comparison Calculator
* Payroll Calculator
* Recruitment Cost Calculator
* Employment Cost Calculator
* FlexiTax Calculator
* Africa Tax Calculators
MORE FROM ICALCULATOR™
* iCalculator™ Home Page
* Finance Calculators
* Global Tax Calculators
* Math Calculators
* Physics Calculators
* Engineering Calculators
* Health Calculators
* Sports Calculators
* Chemistry Calculators
* Human Resource Calculators
* Logistics Calculators
BW Tax 2023
ICALCULATOR™ BW: BOTSWANA TAX CALCULATORS
Welcome to iCalculator™ BW, your comprehensive suite of free tax calculators for
Botswana. iCalculator™ has provided free tax calculators for Botswana since
2019. Since those early days we have extended our resources for Botswana to
includes Tax Guides, Tax Videos and enhanced the tax calculators and supporting
tax information. The Botswana Tax Calculator and salary calculators within our
Botswana tax section are based on the latest tax rates published by the Tax
Administration in Botswana. In this dedicated Tax Portal for Botswana you can
access:
* Income Tax Calculator 2023
* Income Tax Calculator 2022
* 2023 Tax Tables
* 2022 Tax Tables
* Botswana Salary Calculators
* Botswana Salary Examples
* Botswana VAT Calculator
* Botswana Reverse VAT Calculator
* Botswana Capital Gains Tax Calculator
* Botswana Income Tax Rates
* Salary Comparison Calculator
* Payroll Calculator
* Recruitment Cost Calculator
* Employment Cost Calculator
* FlexiTax Calculator
* Africa Tax Calculators
BOTSWANA TAX CALCULATOR 2023/24
The Botswana Tax Calculator below is for the 2023 tax year, the calculator
allows you to calculate income tax and payroll taxes and deductions in Jamaica.
This includes calculations for
1. Employees in Botswana to calculate their annual salary after tax.
2. Employers to calculate their cost of employment for their employees in
Botswana.
Botswana Tax Calculator SimpleAdvancedResidentNon Resident Employment Income***
Please enter your employment income ***
Advanced Botswana Salary Calculator Tax assessment year?20232022202120202019What
is your
age?161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596979899100How
many children do you have?0123456789How many children above qualify for
Dependents Allowance?0123456789Number of working days per year?Number of hours
worked per week?Number of weeks for weekly calculation?Employment Income and
Employment Expenses period?AnnualMonth4 Weeks2 Weeks1 Weeks1 Day1 Hour
Please provide a rating, it takes seconds and helps us to keep this resource
free for all to use
★★★★★ [ 499 Votes ]
TAXATION IN BOTSWANA
Botswana, officially known as “Republic of Botswana” is a South African country
with one of the fastest growing economies in the world. Since gaining
independence in 1966, Botswana has been building up its economic foundation
majorly on the basis of diamond mining.
Taxation in Botswana is source based. This means that the residence of the
taxpayer is considered for the calculation of taxable income. The income
generated from the source, or deemed to be from the source in Botswana is
taxable. Generally, any income generated outside Botswana is not taxable,
however there are some exceptions.
BOTSWANA UNIFIED REVENUE SERVICES (BURS)
Botswana Unified Revenue Services (BURS) is a government sponsored entity and is
in charge of revenue services in Botswana. BURS is responsible for tax
collection, providing tax assistance to taxpayers, filtering erroneous and
fraudulent tax filings.
BURS functions and carries its activities through Ministry of Finance &
Development as specified by the BURS act. All the taxes and revenues applicable
in the country are collected by BURS.
* Online portal for BURS (Botswana Unified Revenue Services):
http://www.burs.org.bw
* Online portal for Ministry of Finance & Development: http://www.gov.bw/en/
COMPLIANCE REQUIREMENT AND INCOME BASIS OF PERSONAL TAX
RESIDENTS
Personal income tax earned by resident employees is generally recovered by
withholding tax under pay as you earn (PAYE) at the source. This way taxes are
deducted directly from the salary by the employer and paid directly to the
government.
Withholding tax is to be paid within 15 days of the end of the month of the
deduction.
Residents with gross income exceeding P 48,000.00 are required to register as
taxpayers and file their tax returns not later than 30th September. Extensions
are given on requests.
2023 Tax rates for Residents are avalable here.
NON-RESIDENTS
Non-residents who derive income from the source in Botswana are required to
register as taxpayers in Botswana. They are liable for filing tax returns in the
same way as residents. Non-residents are taxed differently from residents as
there is no exemption on first P 48,000.00 earned. This, however, is charged on
the minimum tax bracket of 5%.
2023 Tax rates for Non-Residents are avalable here.
TYPES OF TAXABLE INCOME
According to Botswana income tax act, an amount that is received in any type of
compensation & remuneration earned in Botswana or deemed to be earned in
Botswana is considered as taxable income. This includes,
* Any income received by the person - Basic salary, leave pay and bonuses
* Fee & commissions
* Credited to account, accumulated, capitalized, carried or reserved of Due and
payable, even though not actually paid
* Cash allowances, such as travelling and entertainment
* Non cash benefits, etc.
TAX EXEMPTIONS
Expatriates in Botswana are only exempted on one third of contractual annual
gratuity.
Below is the list of items that are exempt from taxation within employment
contracts:
* One third of gratuity paid. This can be paid after completion of minimum two
years in service.
* Health insurance, any medical cost that is paid by the employers.
* One third of the retrenchment benefits received from the previous employer.
In addition, there are some instances where individuals are tax exempt in
Botswana. This generally happens in case of employees of diplomatic missions or
employees of the companies that provide technical assistance to the government
of Botswana
SELF-ASSESSMENT FOR BUSINESSES
Businesses are required to follow the self-assessment system. Gross income for a
business may include:
* Amount of revenue generated within the financial year
* Market value of any benefits obtained
* Value of closing stock
* Insurance compensation against the loss of profit or property damage
* Management of consultancy fee
* Bad debts recovered
* Capital gains from disposal of business assets
ALLOWABLE DEDUCTIONS
To qualify for deduction, according to the general rule, the expenses should be
wholly, necessarily and exclusively incurred in the production of income for the
financial year. This may include:
* Purchases made for production
* Salaries, wages paid to the employees
* Employer’s contribution to pension fund up to 20% of remuneration
* Rates, rent and interests
* Repairs, subscription of trade unions
NON ALLOWABLE DEDUCTIONS
* Expenditure or loss that is recoverable by insurance
* Expenses on hospitality (not as per the general rule)
* Leave pay and other provisions like gratuities, tax payments, etc.
* Cost of local transportation used to travel between home and business
address, donations not made to a specific person/ organization
BOTSWANA - INCOME & OTHER TAXES
As we discussed earlier in our introduction to tax in Botswana, diamond mining
has been the largest base for tax revenue after the discovery of diamonds in the
mid-seventies. However, to move away from exclusively diamond based economy, the
Botswana government has introduced a variety of taxes. Let’s have a look at tax
administrations and various tax regimes in Botswana.
FINANCIAL YEAR
Financial year end date for individuals is 30 June of each year. However, a
business may select its own financial year, which may end on another date.
TAX RETURN
Botswana requires self assessment for businesses. Self assessment is optional
for individual taxpayers. The system allows all taxpayers to submit the return
in the standard format. Tax return due date for filing tax is September 30 of
each year. This is within four months of financial year end.
PAYMENT OF TAX
Tax payable for the tax period, is to be paid within four months from the end of
financial year. If the tax payable amount for the year exceeds P 50,000.00,
there is a provision of making the payments in four equal quarterly
installments. Here, first installment should be made within three months of the
financial year end, and the rest on three months intervals thereafter.
TAX STATUTE OF LIMITATION
There is a tax statute of limitations of four years. The submitted tax returns
may only be reopened within four years of the first assessment done by BURS.
Self assessment should be made any time within four years after the end of the
tax year.
TAX AUDIT PROCESS
BURS reserves the rights to initiate audit due to any factor that is determined
by them. The taxpayer is made aware of the records and information to make them
available for inspection, in advance.
TAXES ON INVESTMENT AND CAPITAL GAINS
Revenue generated by investments and capital gains are taxable in Botswana, this
includes:
* Disposal of residential or commercial properties
* Company shares
Both movable and immovable assets of businesses that are based in Botswana are
subject to tax. Capital gains are given the benefit of inflation in case of
immovable property. For other gains no allowances are granted.
* Botswana Capital Gains Rates and Thresholds for Individuals
* Botswana Corporate Capital Gains Rates and Thresholds for resident and
non-resident companies
You can find more detailed information on capital gains in Botswana and
calculate capital gains due in Botswana using our online Capital Gains Tax
Calculator.
VALUE ADDED TAX (VAT)
VAT is imposed on importation of goods and taxable supplies in Botswana. The
standard VAT of 12% is applied to all the supplies that do not meet the
exemption policy. Output VAT is collected by registered vendors at the time of
sale and input VAT is paid on purchase. Every vendor making supplies more than P
1,000,000.00 is required to be registered for VAT.
School fees, postal services and cremation/ burial services are exempt from VAT.
Input VAT can be claimed for zero rated supplies that include: Essential food
items, books, newspapers, construction of residential buildings, transportation
costs for supplies for charity, etc.
Vocational Training Levy (VTL) is payable at the time of submission of VAT
return. It is calculated as a percentage of turnover. This ranges from 0.2% to
0.05%.
You can find more detailed information on VAT in Botswana and calculate VAT due
in Botswana using our online VAT Calculator.
PROPERTY TAX AND SOCIAL SECURITY CONTRIBUTIONS
There are no property tax and social security contributions taxes in Botswana.
TRANSFER DUTIES ON IMMOVABLE PROPERTIES
There is a standard 5% transfer duty tax on immovable Freehold /leased
properties. The first P 200,000.00 of this value is exempt in case of transfer
to Botswana citizens. A non citizen is subject to pay 5% transfer tax in case of
agriculture property.
You can calculate the transfer duty on immovable property in Botswana using the
Botswana IPTD Calculator.
CUSTOMS AND EXCISE DUTIES
Customs and excise duties are charged on imports and exports in Botswana.
Customs duties are waived in case of trade between Botswana and South Africa,
Lesotho, Namibia, and Swaziland, as these countries are part of Southern African
Customs Union. Botswana is in a trade agreement with Zimbabwe, which exempts
customs and duties from either of trading partners under the conditions that
goods meet 25% of local content.
PAYROLL TAXES
As per Botswana Unified Revenue Services (BURS), every employer with
non-residents employees and the residents employees earning income more than
taxable threshold must withhold tax. This should be done on the standard tax
rate and the amount should be remitted on a monthly basis to BURS. This is done
before the 15th day of the next month. An annual return has to be filed within
31 days after the financial year end.
TAX INCENTIVE: VIA TAX HOLIDAYS
Botswana government offers promotions under Development approval order.
Depending on the scale and magnitude of a project, companies can apply for tax
holidays. Generally, companies with big projects are granted the incentive.
These tax holidays can last for 5 to 10 years and can result in a decrease in
tax rates.
© iCalculator™ BW is Copyright and Trademark Protected, part of iCalculator™
(2009 - 2023)
Privacy Policy | Terms of Use | Contact Us