Namibia’s Fiscal Strategy: VAT Changes, Green Industrialization Support, and Building Improvement Allowances

• The Namibian Ministry of Finance presented the fiscal strategy for 2025 to 2028.
• The strategy includes applying VAT to imported digital services by nonresident suppliers.
• It proposes reviewing import VAT exemptions for business cashflow and administration efficiencies.
• Specific capital goods imported to support green industrialization will be exempt.
• Zero-rated VAT will be introduced on commercial properties acquired by the government.
• A 10 percent allowance each year on the cost of building improvements will be provided.

Source: news.bloombergtax.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.