Namibia: Businesses Fear Closure Amid Tax Refunds

Local businesses fear they could be forced to close shop after a decision that employers have to pay employees Pay As You Earn (PAYE) tax refunds, and not the government.

Minister of finance and public enterprises Iipumbu Shiimi recently announced this move.

Earlier this year he announced tax relief measures that saw Namibians earning less than N$100 000 exempted from paying PAYE.

The tax threshold was raised from N$50 000 to N$100 000.

Black Business Leadership Network of Namibia (BBLNN)…