Page 12 - Nexia SAB&T Africa Overview 2025

Botswana (GMT +2)

General:
▪ Capital City: Gaborone
▪ Official Language: English
▪ Currency: Pula (BWP)
▪ Main Exports: Diamonds, copper, nickel, soda ash, textiles, meat
▪ Surface Area: 581.7 sq. km (thousands)
▪ Population: 2,5 million (2025,est)

Key Economic Indicators:
▪ GDP: $21,4 billion (2023)/ GDP Growth Rate: 3.6% (2024)
▪ CPI Inflation Rate (annual): 4.5% (2025)
▪ Sovereign Credit Ratings: Moody’s: A3, S&P: BBB+,
Fitch: Not rated (Moderate Credit Risk to Good Credit Quality)
▪ Indicator of Economic Freedom Score: 69.9/100 (2025): Moderately Free
Exchange Controls:
▪ N/A

Basis of Taxation: (Tax Year End: 30 June)
▪ Residents: Botswana-source /deemed source income
▪ Non-residents: Botswana-source income
Tax Rates:
▪ Individuals: Progressive rates to 25%
▪ Companies: 22% (resident) / 30% (non-resident)/15% (manufacturing companies,
with approval)
▪ Inheritance and Donations Taxes: Subject to Capital Transfer Tax at varying rates
▪ VAT: 14%
▪ Withholding Tax: Varying rates apply to residents and non-residents
▪ Capital Gains Tax (CGT): Varying rates apply
▪ Double Taxation Agreements: In place with several countries
Useful links:
▪ Bank of Botswana http://www.bankofbotswana.bw
▪ Botswana Unified Revenue Service http://www.burs.org.bw
▪ Botswana Investment and Trade Centre http://www.bitc.co.bw
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