The Tax Platform: Recent Episodes
Tumelo Rannau
Worried about any tax matters ranging from Transfer Duty, Personal Income Tax, Corporate Tax, Valued Added Tax? Look no further, we got you and explain different kind of tax matters faced by individuals and corporates.
This week we look at some of the tax highlights from the budget speech delivered by the Hon Minister!
This week’s episode we go into details of the exemption that applies to withdrawal of pension funds to payout loans including mortgages.
This week we look at the 2023 Income Tax Act amendments in relation to tax exemptions on terminal benefits. We start off with deferred pension
This week we look at the Capital Gains Tax specifically on shares and related investments
This week we zone into the donations tax implications for Sporting clubs and associations
This week we zone in into taxation of sporting associations and clubs with particular interest on VAT.
This week we look at the taxation of sporting clubs and associations for income tax purposes
This week we look at taxation of small companies, who qualifies as a small company and what are the advantages.
This week we look at the rates applicable and deductions allowed when determining inheritance tax payable.
On part 1 of inheritance taxes we look at the exemptions that are available on inheriting property or personal goods.
This week in our SEZ series we have a look at the incentives available from VAT and customs duties perspective.
This week we look at Special Economic Zones tax incentives with a special focus on Income Tax.
This week we remind you of the upcoming deadline on the 30th of September for you to have filed your Income Tax return.
This week we look into the work of the Taxation Review Committee including it's current project on review of the Income Tax, Value Added Tax and introduction of the Tax Administration Act.
This week we look into the High Court and Court of Appeal stages in the dispute resolution process.
After objecting to an assessment and the Commissioner still stands by their decision or takes long to respond to your objection what it is the next stage?
This week we start a series on conflict resolution mechanisms and focus on objections to assessments where you're not happy with the decisions made by the Commissioner General.
This week we have a look at taxation of dividends (received from a local or foreign entity/investment). What are the rates applicable?
This week we look at the tax losses and how they can be used for tax planning purposes.
This week we look at the issue of tax submission deadlines, can these be extended beyond the legal time provided for under law?
This week we look at the subject of withholding tax. Can you withhold tax from individuals? Can individuals withhold tax? We answer these 2 questions in this week's episode of The Tax Platform.
This week we look into the topic financial year. Is it aligned to the validity period for a Tax Clearance Certificate or it's a different concept altogether?
This week we have a look at the statement of account. What is it and how can you use it in your daily compliance duties?
This coming Friday marks the end of the 2023 tax year. Few pointers to look out for as it comes to an end.
We deep dive into understanding The Tax Clearance Certificate. What is this document and how does one get it.
This week we look at the special incentives available for manufacturing entities in Botswana.
This week we look at taxation of Mining Companies. Special incentives available for the industry
This week we delve into the taxation of not for profit organisations, when they need to register and what taxes they are eligible to pay.
This week we look at the newly enacted Transfer Duty Act and the changes that are coming up.
This week we follow through on a question from one of our followers on the deferred tax implications of bad debts and bad debts provisions!
This week we look into the tax implications of bad debts for both income tax and VAT purposes.
This week we look at the issue of approved training expenditure. This incentive is available for those who are not eligible to get reimbursements from Human Resources Development Council (HRDC).
After approval a taxpayer will be able to claim 200% of what they have spent on their employees. Enjoy
We look into the taxes that one is required to register for when they commence business.
On Saturday 1st April the VAT rate will go back to 14% from the temporary rate of 12%. We discuss the implications on VAT return submission for the subsequent tax periods.
Compensation payments that arise because of disputes between former employer and employees are often a contentious issue as the courts often has to decide what should be deducted or not. We decipher the issue of deduction of tax by former employers from compensation payments made to former employees.
On this week’s episode we answer a question from one of our followers on whether BURS is criminalizing taxpayers by issuing demand letters for them to settle the debt appearing in their accounts.
We answer this question and go into detail on how this arises and how it can be avoided!
This week we discuss the Transfer Duty Bill and it’s implications on business and individuals.
This past week Botswana ratified the African Continental Area Free Trade Agreement to become part of the larger market of more than 1 billion.
This means that Botswana is likely to lose on income from Customs duties through its share from the South African Customs Union. We look deeper into other impacts that this agreement brings.
This week we have a look at the proposed changes to the exempt and zero rated items lists and what they mean for you as a business and taxpayer or ordinary man on the street.
Deciding on the rate to use when you are earning Commission and Directors’ fees and salary subject to PAYE
This week we start our episode by highlighting the tax amendments that are proposed by the Minister of Finance and go into withholding tax on royalties and management fees
This week we look at the subject withholding tax on dividends and interest. The interest is both from savings/investments and loans.
This week we address withholding tax on livestock sold for slaughter. How much is withheld when you sell your goats or cattle to BMC?
This week we dissect the extension of the 12% VAT rate to 31st March 2023 and the standard rating of Cooking Oil and Cooking Gas.
We further note the impact on the financial audit and tax accounting for periods April to June 2023.
This week we take a step back and look at filing of withholding tax on directors fees online and the extension relating to filing of individual income tax returns.
This week we have a look at withholding tax on contract payments. These are payments made to contractors in relation to construction operations
This week we have a look at claiming of input tax on second hand goods procured from persons not registered for VAT.
This week we look at the Input tax that one is not allowed to claim by the Taxman and the consequences of claiming such.
Are there any tax incentives for operating your business in the SPEDU region? We answer this question in this week's edition of the Tax Platform
This week we look at taxation of Compensation payments and how to go about it when taxing them
This week we look into the taxation of Compensation payments made to employees by former employers
In this episode we tackle the issue of accounting for rental income in your income tax return.
This episode takes you through the post return submission process. It goes on to elaborate on what steps to take to ensure you receive your tax refund
The 2022 tax filing season has been extended to 31st December 2022. We talk about the extension including filing requirements for the 2022 tax filing season