Input tax: the do�s, don�t�s and requirements
Friday, August 01, 2014
Input tax is VAT that is charged to, and can be claimed by a registered person when he/she acquires goods and/or services for the advancement of his/her taxable activity. Consequently, persons who are not registered for VAT bear the VAT as a cost, except in special instances such as where goods are exported from Botswana by non-resident persons, including tourists. Such persons can later claim VAT refunds, which technically does not qualify as input tax. Input tax only relates to VAT charged to VAT registrants.
The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...