Botswana signs tax deals with 17 countries
Friday, June 13, 2014
Minister of Finance and Development Planning, Kenneth Matambo
In 2013, Botswana signed similar agreements with 12 countries and this year has engaged five more countries including China, Zambia, Swaziland, Lesotho and Ireland.
The agreements are meant to facilitate closer co-operation between the countries’ tax administrations while also curbing or eliminating any chances of double taxation of income flowing between jurisdictions of the countries.
Smash-and-grab incidents became common at traffic lights, Automatic Teller Machine (ATM) bombings made headlines too often, cash-in-transit robberies terrified security personnel, while home invasions left families traumatised in the very places they were supposed to feel safest. The situation had reached alarming levels and threatened not only the peace of ordinary citizens, but also the country’s reputation as one of the safest and most...