Costly Ruling: Peermont Loses BWP 6.4M Capital Allowances Dispute to BURS
Introduction to the Capital Allowances Dispute In a significant ruling, the High Court of Botswana dismissed Peermont Global’s appeal in a capital allowances dispute with BURS. The case revolved around Peermont’s interpretation of tax forms ITA 201 and ITA 202 and the company’s claim on assets that were already fully depreciated. The verdict reaffirms the limits of claiming capital allowances
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