The taxation of virtual assets
Virtual assets are slowly taking a critical role in commercial transactions, especially as a mode of transaction as well as ...
Tag: TAX
No VAT Claims on Hotel Expenses
In some cases, employees are required to travel and conduct services outside their workstations or to other towns or cities. ...
Capital Gains Tax (CGT) on Sales of Immovable Property
Selling land or other immovable property can be motivated by personal needs or to benefit from property appreciation, sometimes due ...
Why prepaid expenses are tax-deductible
If you're running a business, you're probably aware of the importance of keeping your finances in order. One way to ...
Tax aspects of property companies (VRLSCs)
Variable rate loan stock companies (VRLSCs) are gaining popularity globally, and Botswana is witnessing a similar trend. These companies specialise ...
When do unknown receipts trigger income tax?
It is not uncommon for businesses to receive funds in their bank accounts without being able to identify the client ...
Non – citizens , trusts & 5 % transfer duty
The contention Non-citizens taxpayers being the ones who suffer a much higher tax of 30% than citizens have obviously embarked ...
Going concern sales trigger act
Enter going concern One can sell the shares of a company and that is completely divorced from going concern sales. ...
Sold plot or farm ? Remember CGT !
The sale The sale of a plot or farm cannot be equated to everyday transactions relating to buying and selling ...
Free services to related deals trigger VAT
What are related parties As enunciated above, the VAT Act requires that transactions between related parties be subject to VAT ...
