Tax rebates fail to entice corporate sector

Friday, October 26, 2018

Mascom has remained a trusted sponsor of sports PIC: KENNEDY RAMOKONE

In an environment that has proven to be un-conducive for potential sponsors of sports, the Botswana National Sport Commission (BNSC) is advocating for special dispensation for sponsors from the tax collector, the Botswana Unified Revenue Service (BURS).

Speaking at the Mascom Top 8 launch this week, the BNSC chairperson Solly Reikeletseng said the BURS tax rebate has proven to be unhelpful to the sporting codes with the private sector continuing to shun the sports industry.

According to the Income Tax Act, Section 51 companies or individuals who make donations to sports clubs or associations are entitled to a tax rebate.

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