Botswana Proposes VAT on Digital Services by Nonresident Providers with New Tax Amendments

• Botswana proposes VAT on digital services from nonresident providers
• Amendments include reverse-charge mechanism and rules for remote services
• Bill presented by Minister of Finance Ndaba Gaolathe
• Aims to broaden VAT scope and modernize framework
• Revises definitions for remote services and electronic marketplaces
• Non-resident suppliers must register for VAT if annual supplies exceed BWP 500,000
• Addresses use of electronic fiscal devices and foreign currency reporting
• Penalties for non-compliance with fiscal device use
• VAT can be reported and paid in approved foreign currencies
• Non-resident suppliers may need to appoint a VAT representative
• Effective date for changes not yet announced

Source: regfollower.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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