JWANENG PROFILE Advert and Map Free Edition

a business profile for Jwaneng Town, Botswana. the profile contains general information about the town. a business profile for Jwaneng Town, Botswana. the profile contains general information about the town.

cutfieldinvestments
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05.11.2022 Views

Bowling ClubDebswana ClubRugby and Cycling ClubJwaneng Town Profile 201731

B A N K I N G A N D F I N A N C I A LSERVICESBanking and Financial ServicesThere are three commercial Banks inJwaneng which are Barclays Bank, FirstNational Bank of Botswana and StandardCharted Bank. These are subsidies of SouthAfrican and British Banks and they carry outall financial services including normalcommercial and retail activities, merchantbanking, leasing, car and property finance.Non-banking Financial ServicesJwaneng insurance industry has grownwhich sees companies and individuals enjoyfull range of every type of insurance. Thecreation of international insurance act of2005 has allowed attractive environmentfor Botswana as a whole thus makinginsurance services such as reinsurance,captive insurance and related activitiesbeing provided to non-citizens and incurrencies other than pula to miningcompanies and contactors in Jwaneng.Taxation and Fiscal LegislationThe Botswana Unified Revenue Service(BURS) was created to take over thefunctions performed by the Department ofCustoms and Excise and the Department ofTaxes, and operates a regional office inJwaneng.Generally a low taxation environment hasbeen placed in Botswana compared toother countries. The tax system is complex,as are other regulations, it has been notedthat it currently requires an average of140hours for a business to comply with theBotswana tax regulations according todoing business 2010. There are still nineteen(19) different payments required in payingtaxes, six (6) documents required for everyexport, nine (9) for imports, and twentynine (29) procedures required for theenforcing of contracts. The governmentintends to adopt a simplified tax structurein order to improve the compliance rate, towww.jtc.gov.bw 51

Bowling Club

Debswana Club

Rugby and Cycling Club

Jwaneng Town Profile 2017

31

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