Namibia: VAT Estimated to Increase By N$ 2.6 Billion

Finance minister Ericah Shafudah said Namibia anticipates an improved performance in several domestic revenue streams, highlighting that the country’s value added tax (VAT) is expected to rise by N$2.6 billion.

While presenting her maiden budget in parliament on Thursday, Shafudah indicated that the revised estimates for the 2024/25 financial year suggest that income tax on individuals is projected to increase by N$1.8 billion, while non-mining company taxes are estimated to rise by N$1.3 billion…