Below is a table outlining the VAT rates in Botswana:
| Category | VAT Rate | Details |
|---|---|---|
| Standard VAT Rate | 14% | This is the general rate applied to most goods and services in Botswana. |
| Zero-Rated VAT | 0% | Applies to specific goods and services, such as exports, certain basic food items, and international transport. |
| Exempt from VAT | N/A | Certain goods and services are exempt from VAT, including financial services, education, and healthcare. |
| Reduced VAT Rate | N/A | Botswana does not currently have a reduced VAT rate. |
Additional Notes:
- Recent Increase: The standard VAT rate was increased from 12% to 14% in April 2021.
- VAT Registration: Businesses with annual taxable supplies exceeding BWP 1,000,000 are required to register for VAT in Botswana.
- VAT Filing: VAT returns are typically filed on a monthly or quarterly basis, depending on the business’s turnover.