VATupdate

Share this post on

Namibia’s 2024 Budget Speech: New Tax Measures and Revenue Collection Improvements

  • Minister of Finance and Public Enterprises presented the 2024 Budget Speech on 28 February 2024
  • Proposed amendments include increasing VAT registration threshold and transfer duties thresholds
  • Introducing supertax transfer duty for properties over NAD12-million
  • Introducing e-invoicing system to improve revenue collection for Namibia Revenue Agency

Source: ensafrica.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

Sponsors:

VAT news

Advertisements: