Botswana

Botswana (capital: Gaborone) is a landlocked country in Southern Africa known for political stability and long periods of civilian governance. The economy is heavily influenced by diamond production, with diversification efforts into tourism and financial services often highlighted in recent coverage.

Tax overview (high level): PwC's Botswana summary states the tax system operates on a territorial basis, taxing income where the source is within Botswana. The headline personal income tax rate is progressive up to 25%. Botswana also applies capital gains taxation for individuals using a separate table with rates up to 25% and has a capital transfer tax (CTT) on inheritances and gratuitous disposals charged at progressive rates up to 5% (with exemptions). PwC's summary also notes there are no social security taxes or contributions and no property taxes.

Foreign income nuance: While the system is described as territorial, there are source deeming rules and specific inclusions, such as foreign dividend income taxed at 10% in the hands of resident citizen individuals per PwC's "income determination" notes. Do not assume "all foreign income is exempt" without checking the relevant rule.

Immigration overview: Immigration and residence permits are handled by Botswana's Department of Immigration and Citizenship. The Government of Botswana portal groups services under "Immigration and Civil Registration", including residence permits and citizenship processes. Applicants should use official government guidance for current forms, fees, and submission points.