Connect with us

Hi, what are you looking for?



Increase of income tax threshold set for July

Increase of income tax threshold set for July
Jonathan Hore

Although it is not yet official, a recently leaked government communiqué indicates there will be an increase in the income tax threshold from the 1st of July this year.

It is expected the threshold will increase from P36, 000 to P48, 000 a year.

It means anyone whose monthly earnings are P4, 000 or less will not have to pay income tax. The present cut-off point is P3, 000.

Further breaking it down for Voice Money, Managing Tax Consultant at Aupracon Tax Specialists, Jonathan Hore explained, “To those who pay tax, it will reduce tax a bit as the non-taxable threshold increases to P48, 000 from the current P36, 000.”

Advertisement. Scroll to continue reading.

He noted such a move effectively recognizes that the P3, 000 per month, in place since 1 July 2011, was now too low.

Indeed, Hore admitted there are those who feel the adjustment is not enough and that P6, 000 (or P72, 000 per annum) would be a more adequate figure, especially given the current Covid-19 chaos.

“But it is a move in the right direction as it will reduce tax and give back some tax to the public. If it is to be effected, it will only be from 1 July 2021,” stated the tax specialist.

Advertisement. Scroll to continue reading.
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


Despite growing concerns about the future of the Okavango Delta regarding petroleum exploration activity around the region, Minister of Mineral Resources, Green Technology and...


Police are investigating a case in which a 25-year-old man hacked his neighbour to death with an axe on Wednesday at Mogoditshane Block 9....


Maun based house-kwasa artist, Kekgosi Maphakela, aka Raba wa nkuku, has released a single album in honour of late radio personality, Thuso Letlhoma, popularly...


The accused pensioner is charged with five counts of rape


*Rwanda has used revenue from wildlife tourism to fund national development  *Famous for its mountain gorillas, Rwanda is restoring other conservation habitats 


Government is in the process of developing a policy to promote quality teaching and learning, by ensuring that learners are taught using their mother...


Copyright © TheVoiceBW. (Since1993) made with ❤️ in Botswana.