Africa: Namibia Won’t Follow South Africa’s VAT Hike

The Ministry of Finance and Public Enterprises says it will not be following in South Africa’s footsteps to raise value added tax (VAT).

Last week, South Africa raised its VAT by 0.5% after initially proposing a 2% increase that was rejected by parliament.

Deputy executive director in the ministry of finance Oscar Capelao says Namibia has a independent tax policy that is divorced from other Southern African Customs Union countries including South Africa.

“Our tax amendments are informed, firstly…