Regulatory Alerts2025-01-22
Income Tax (Superannuation Funds) Regulations 2022
Issued by the Botswana Minister of Finance, these regulations establish the statutory criteria for approving superannuation funds and schemes under the Income Tax Act. They require licensed retirement or annuity vehicles to maintain separate legal assets, set a standard retirement age of 55 (reducible to 45 for qualifying occupational funds), and define precise limits for pension commutation, early withdrawal, and death benefits. The Botswana Unified Revenue Service is authorized to approve corresponding fund rule amendments, while the instrument formally revokes the 2001 regulations.
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