BURS educates music promoters on tax obligations

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The Botswana Unified Revenue Service (BURS) organised a tax education workshop for music promoters in conjunction with the Botswana Musicians Union (BOMU).

The workshop, which was attended by both promoters and local musicians, was held at the Tlotlo Conference Centre in Gaborone West Phase Two. The newly elected BOMU president Alfred Mosimanegape also graced the workshop as well as officials from the Department of Arts and Culture in the Ministry of Youth, Sport and Culture.

The participants were briefed on income tax in general and how to register for tax purposes. Another topic that was discussed was about taxation of musicians and promoters. The participants were informed that any income derived from a business shall be liable to tax during that tax year. Section 2 of the Income Tax Act defines business to include trade. Participants were told that music, as a trade is a business. Trading in music promotion is also a business. "Therefore, musicians and music promoters that are trading are in business. Any person deriving income from such businesses must declare tax," the participants were informed. The facilitators revealed that income derived from trading on music is business income, adding that taxation of business income applies.

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