GROW YOUR BUSINESS IN BOTSWANA
Have an enterprise level payroll department and a HRMS with Employee Self-Service at a per employee cost
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Full Payroll Outsourcing
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Hybrid Payroll Outsource
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International Payment Management
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Local Filing
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Social Security Filing
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Interact with Local Authorities
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Human Resources Management System
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Integration with all Accounting and Third Party
Software
Praxima Services Include
Benefits of outsourcing to Praxima
Local Tax Compliance
Secure Data Transferring
Responsive Administrators
Increase Productivity
Industry Experts
Running Your Payroll
Focus on Your
Core Business
Full International Quality Payroll Department in Botswana
Payroll Botswana
The tax system in Botswana operates on a territorial bases. An income is taxable in Botswana if it is sourced within Botswana. All employment income in Botswana are subject to pay-as-you-earn system and the employer are obliged to pay taxes on behalf of the employee.
TAX RATES | 2024
Residents
BWP Tax Rates
0 – 48,000 0%
48,001 – 84,000 5%
84,001 – 120,000 12.5%
120,001 – 156,000 18.75%
156,001 - above 25%
Non-Residents
BWP Tax Rates
0 – 84,000 5%
84,001 – 120,000 12.5%
120,001 – 156,000 18.75%
156,001 - above 25%
SOCIAL SECURITY | 2024
Botswana doesn’t have any national social security legislation that requires employers to contribute towards a pension and insurance scheme for their employees.
It is however required from employers in the non-public sector to make the necessary provisions to contribute to an appropriate private established insurance and pensions scheme for their employees. These contributions are not to exceed 15% of the employee’s income.
Tax Residents
An individual is considered to be a resident of Botswana if the individual has a permanent place of residence and is physically present in the country for not less than 183 days in a tax year.
Taxable Income
Expatriate employees are taxed on their income earned within the country and any overseas allowances.
Housing allowances, tax reimbursements and benefits received are included into the taxable income. Any gratuities paid to an individual with an employment contract signed on or after 1 July 1999, are taxable on two-thirds of such gratuity. The remaining one-third is tax free.
Dividend income from a foreign sources will be taxed at 15%. Dividends payable from a resident to a non-resident is subject to 7.5% withholding taxes.
Exempt Income
Airfares and medical costs for the employee, spouse or dependent borne by the employer in accordance with the employment contract are not taxable.
Statutory Filing
Residents whose annual gross income exceeds BWP 48000 must register as a taxpayer and must submit their annual tax returns on or before the 30th of September. Non-residents must register and comply with all obligations in the same manner and residents. Non-residents are however taxed differently.
Your HRMS is Standard
Employee Self-service
Payslip and tax certificate retrieval. Updating of personal particulars. Leave request and balance enquiries
Records
Employee documents folder. Training records. Heath & Safety records. Disiplinary records. Qualifications, resume and hiring records.
Work Flow
Workflow with different approval levels. Full work flow functionality for leave requests, expense and time-sheets
PAYMENTS, REPORTING & FILING
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Direct payment into employee bank accounts. Emailed password protected pay slips.
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Payment of taxes, benefit providers and other creditors.
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Filing of returns to the authorities.
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Generation and filing of statutory reports.
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General ledger and 100's of customisable reports.
