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BUSINESS BOTSWANA ENGAGES GOVERNMENT ON THE TRANSFER DUTY (AMENDMENT BILL)

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01 Mar, 2019

Business Botswana met with The Ministry of Finance and Economic Development (MFED) and other key stakeholders for consultation on the proposed Transfer Duty (Amendment) Bill. The purpose of the meeting was to give feedback and recommendations from stakeholders to MFED on the proposed Bill and map the way forward.

The Transfer Duty Amendment Bill No. 32 of 2018 was published in the Government Gazette on the 2nd November 2018 for consideration and debate by Parliament.

 

The Bill proposes various amendments to the Transfer Duty Act Cap 53:01 in respect of transfer duty payable on the sale of immovable property and various rights therein