Botswana removed from the French Republic’s tax black list
Botswana is no longer included in the French Republic’s list of Non-Cooperative States and Territories in tax matter
GABORONE, Botswana, January 10, 2020/ -- In a decree, Bruno Le Maire, Minister of the Economy and Finance, and
Gérald Darmanin, Minister of Action and Public Accounts, updated the
list of non-cooperative states and territories in tax matters drawn up
by France aiming to ensure that our partners effectively implement their tax cooperation commitments made with regard to the exchange of
information. Following the signature by Botswana of an amendment to the
bilateral tax treaty allowing the exchange of tax information, the
country is no longer on the list and is therefore no longer considered
as an uncooperative State.
The updating of the list is part of the Government’s efforts to strengthen the fight against tax fraud and evasion.
As a reminder, Botswana was included since 2012 on the list of NCSTs of
the French Republic, on the grounds that there was no bilateral
instrument for the exchange of tax information at the international
standard.
On the 27th of July 2017, Botswana signed an amendment to the bilateral
tax treaty of the 15th of April 1999 allowing the exchange of
information in accordance with the latest standards of the Organization
for Economic Cooperation and Development (OECD).
This amendment updated and brought the bilateral tax information
exchange system up to standard, and now includes all the stipulations
recommended by the OECD model tax treaty.
The latter has been ratified by Botswana and is currently being examined by the French Parliament.
Botswana having ratified the amendment by a preferential measure, it was decided to remove Botswana from the French list of NCSTs in
anticipation of the ratification of the amendment text by the French
Parliament.
The Embassy of France in Botswana commends the efforts of the Botswana’s government and is pleased to hear of this new development, which will
enable the further development of the strategic partnership between our
two countries, particularly in the economic and financial fields.
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