EU extends deadline for Botswana tax greylisting

The EU, which is the world’s single richest market, says Botswana now has until August 31, 2020 to sign a tax cooperation deal, under which the country will commit to a wide range of commitments around information sharing, transparency and tackling tax evasion and avoidance.

Should Botswana fail to sign the deal by that date or get Parliament to ratify it by August 30, 2021, the country will be blacklisted and face the inevitable global backlash.The deal, known as the OECD Multilateral Convention on Mutual Administrative Assistance, provides for ‘all possible forms’ of administrative co-operation between states in the assessment and collection of taxes.