RATES OF TAX STARTING 2021/2022 (Section 59)

TABLE I
Taxable Income (P) Tax (P)
0 – 48 000 0
48 001 – 84 000 0 + 5% of excess over 48 000
84 001 - 120 000 1 800 + 12.5% of excess over 84 000
120 001 - 156 000 6 300 + 18.75% of excess over 120 000
156 001 and above 13 050 + 25% of excess over 156 000

PAYE/PERSONAL INCOME TAX TABLE (monthly rates – residents)

Income Tax Band (P) Tax Amount (P) Rate on Excess (%)
0 – 4 000 0 0
4 001 – 7 000 0 +5% on excess over 4 000
7 001 – 10 000 150 +12.5% on excess over 7 000
10 001 – 13 000 525 +18.75% on excess over 10 000
Over 13 000 1 087.50 +25% on excess over 13 000

Table I applies to RESIDENT individuals

TABLE II
Taxable Income (P) Tax (P)
0 – 72 000 5% of every Pula
72 001 – 108 000 3 600 + 12.5% of excess over 72 000
108 001 – 144 000 8 100+ 18.75% of excess over 108 000
Over 144 000 14 850 + 25% of excess over 144 000

Table II applies to NON-RESIDENT individuals, trusts falling under

Section 14(2) and estates of deceased persons

TABLE III

1. Resident company Company tax 22%

2. Non-resident company All taxable income 30%
3. Botswana Meat Commission All taxable income 15%
4. Pension and Provident Fund not approved by the Investment income 7.5%
Commissioner General
5. Dividends accruing outside Botswana Gross income 15%
6. Persons not included in paragraphs 1 – 5 above Taxable Income 25%
7. IFSCC All taxable income
(a) Income arising from approved financial transactions
with non-residents, IFSC companies and Specified 15%
Collective Investment Undertakings 22%
(b) All other income

TABLE IV
Taxable Income (P) Tax
0 – 36 000 0
36 001 – 84 000 0 + 5% of excess over 36 000
84 001 – 120 000 2 400 + 12.5% of excess over 84 000
120 001 – 156 000 6 900 + 18.75% of excess over 120 000
Over 156 000 13 650 + 25% of excess over 156 000

Table IV applies to net aggregate gains of individuals

 RATES OF CAPITAL ALLOWANCE

Nature of the allowance Allowance

Straight line annual allowances on plant or machinery at rates between 10% and
25% fixed by Commissioner General
1. Initial allowance for industrial building 25%
2. Annual allowance for industrial building 2.5%
3. Annual allowance for commercial building 2.5%
4. Heavy civil engineering plant or machinery used directly in construction 25%
5. Aircraft and motorised road vehicles 25%
6. Other self-propelled portable plant or machinery used directly in 25%
manufacture or production
7. Other industrial (including farming) plant or machinery used directly in 15%
manufacture or production
8. Computers 25%
9. Other office machinery 10%
10. Other plant or machinery (including soft furnishings) 10%
11. Specified farming capital expenditure (3 rd Schedule) 100%

EMPLOYEE-BENEFIT FROM PRIVATE USE OF EMPLOYER OWNED VEHICLES WITH EFFECT FROM 1 JULY
2001

Vehicle cost Employee-benefit Fuel Cost Adjustment

P P P
1 – 50,000 2,500 1,000
50,001 – 100,000 5,000 2,000
100,001 – 150,000 7,500 3,000
151,000 – 200,000 10,000 4,000
200,001 and above Benefit on the excess of P200000 will The fuel cost adjustment will be restricted to
be 15% there of P5000

FURNITURE BENEFIT

From 1 July 1997 (i.e. 1997/1998 onwards), furniture benefit is 10% of the cost of furniture after the first P15 000

CAPITAL TRANSFER TAX

Taxable Income/Aggregate Taxable Value Rate of Tax Percent

First P100 000 2%
Next P200 000 3%
Next P200 000 4%
Balance 5%

2
HOUSING BENEFIT TABLE (Tax year 2021/2022 and after)

FROM PULA 48 100 TO PULA 57 600

RELEVANT HOUSING RELEVANT HOUSING RELEVANT HOUSING

INCOME PERCENT BENEFIT INCOME PERCENT BENEFIT INCOME PERCENT BENEFIT
48100 1.25 601.25 51300 9.25 4745.25 54500 17.25 9401.25
48200 1.50 723.00 51400 9.50 4883.00 54600 17.50 9555.00
48300 1.75 845.25 51500 9.75 5021.25 54700 17.75 9709.25
48400 2.00 968.00 51600 10.00 5160.00 54800 18.00 9864.00
48500 2.25 1091.25 51700 10.25 5299.25 54900 18.25 10019.25
48600 2.50 1215.00 51800 10.50 5439.00 55000 18.50 10175.00
48700 2.75 1339.25 51900 10.75 5579.25 55100 18.75 10331.25
48800 3.00 1464.00 52000 11.00 5720.00 55200 19.00 10488.00
48900 3.25 1589.25 52100 11.25 5861.25 55300 19.25 10645.25
49000 3.50 1715.00 52200 11.50 6003.00 55400 19.50 10803.00
49100 3.75 1841.25 52300 11.75 6145.25 55500 19.75 10961.25
49200 4.00 1968.00 52400 12.00 6288.00 55600 20.00 11120.00
49300 4.25 2095.25 52500 12.25 6431.25 55700 20.25 11279.25
49400 4.50 2223.00 52600 12.50 6575.00 55800 20.50 11439.00
49500 4.75 2351.25 52700 12.75 6719.25 55900 20.75 11599.25
49600 5.00 2480.00 52800 13.00 6864.00 56000 21.00 11760.00
49700 5.25 2609.25 52900 13.25 7009.25 56100 21.25 11921.25
49800 5.50 2739.00 53000 13.50 7155.00 56200 21.50 12083.00
49900 5.75 2869.25 53100 13.75 7301.25 56300 21.75 12245.25
50000 6.00 3000.00 53200 14.00 7448.00 56400 22.00 12408.00
50100 6.25 3131.25 53300 14.25 7595.25 56500 22.25 12571.25
50200 6.50 3263.00 53400 14.50 7743.00 56600 22.50 12735.00
50300 6.75 3395.25 53500 14.75 7891.25 56700 22.75 12899.25
50400 7.00 3528.00 53600 15.00 8040.00 56800 23.00 13064.00
50500 7.25 3661.25 53700 15.25 8189.25 56900 23.25 13229.25
50600 7.50 3795.00 53800 15.50 8339.00 57000 23.50 13395.00
50700 7.75 3929.25 53900 15.75 8489.25 57100 23.75 13561.25
50800 8.00 4064.00 54000 16.00 8640.00 57200 24.00 13728.00
50900 8.25 4199.25 54100 16.25 8791.25 57300 24.25 13895.25
51000 8.50 4335.00 54200 16.50 8943.00 57400 24.50 14063.00
51100 8.75 4471.25 54300 16.75 9095.25 57500 24.75 14231.25
51200 9.00 4608.00 54400 17.00 9248.00 57600 25.00 14400.00

Note: Where employment income excluding the housing benefit is P57600 or more the
housing benefit for the purposes of proviso (ii) to section 32 (3) is 25% of such income