New PAYE tables and new taxes commence

The widely conversed Income Tax Act (Amendment) 2021 was enacted into law and published through the Government Gazette of Friday, 14 May 2021. The law was assented to by His Excellency, the President, Dr M Masisi on 29 April 2021 and per a Government Gazette dated 4 June 2011, the Act commences as from 1 July 2021. As a tax firm, we intend to demystify the technical jargon applicable to the issue at hand and enhance your understanding of tax matters.

New PAYE Tables

The exemption threshold for PAYE will increase and reduce PAYE or Personal Income Tax for all individuals. Previously, individuals earning P3 000 per month were not required to pay tax but with the new law, this threshold shall increase to P4 000 per month.

Editor's Comment
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As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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