Capital gains accrued on the disposal of shares in companies listed on the Botswana Stock Exchange are exempt from tax. There is no distinction between unmarried and married individuals. Persons earning over P15,000.00 in any tax year are liable to tax. There is an additional Specific Excise Duty which is imposed on most luxury items. These incentives include duty rebates, drawbacks of duty and duty exemption permits.
Exceptions continue to be made in respect of raw food, medicines, books and stationery.
The liability of the tax lies with manufacturer or importer. Sales Tax is payable to the Department of Customs and Excise. There is no Value Added Tax structure in Botswana. . . . The Economy . Labour Relations .