Botswana, Ireland sign double taxation agreement
Botswana and Ireland have signed an agreement on double taxation avoidance to enable free tax income flowing between the two countries.Speaking at the signing agreement in Gaborone on Wednesday, finance and development planning minister, Kenneth Matambo said the agreement was a commendable move because it was only when there was a mutual desire to conclude a bilateral agreement.
Matambo said the agreement would also help to guard against tax evasion through mutual assistance in collection of taxes and exchange of information between the two countries tax authorities.
He said it was also important because it was compliant with international standards as determined by the Global Forum on Transparency and exchange of Information for Tax purposes.
For his part, Ireland minister of trade and development, Mr Joe Costello said the signing of the agreement will open business doors to the communities of the two countries.