BURS laments outdated tax legislation

Speaking at the Commonwealth Association of Tax Administrators BURS Commission in Gaborone, BURS Internal Revenue Division commissioner, Segolo Lekau, said the current legislation could not keep with modern business practices.  “The current legislation is unable to keep up with modern business.

There are no transfer pricing regulations or legislation and there is no specific capital gains legislation,” he said. Transfer pricing happens whenever two companies that are part of the same multinational group trade with each other.