BLS countries to sign anti-double taxation agreement
In a development aimed at boosting trade and investment between the three SACU member countries, Botswana is set to sign a Double Taxation Avoidance Agreement with Lesotho and Swaziland.
Presently, trade between the three countries is very low with Botswana importing goods and services worth a mere P26 million in 2009 from Swaziland and a measly P250,000 from Lesotho in the same year.
Central Statistics Office figures for April 2010 show that Botswana did not make any exports to Lesotho while goods and services worth P144,000 were exported to Swaziland.
According to the Government Gazette of last week, the Minister of Finance and Development Planning has entered into an [continue reading]