Income tax on rent, worked example, in Botswana
November 11, 2015
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1 The property is jointly owned by husband and wife.
2 Exchange rate used: 1.00 US$ = 11.00 BWP
3 Estimated values. In reality, expenditure must be necessarily incurred and properly documented.
4 Rental income earned by nonresident individuals is taxed at progressive rates.
|TAXABLE INCOME (US$)||TAX RATE|
|108,000 -144,000(US$ 13,091)||18.75%|
|Over 144,000(US$ 13,091)||25.00%|