VAT amendments to propose a “zero rating” for sanitary pads

Tax measures in budget 2022-2023

The budget for 2022-2023, presented 24 February 2022, does not include proposed amendments to the corporate income tax rate.

However, the budget includes the following tax-related proposals:

• Reduction of the non-mining company tax rate
• Amendments to the income tax law that would increase the tax deductibility of retirement, pension fund, and educational policy contributions and that would reinforce a requirement that taxpayers provide proof of payment of withholding tax on services
• Value added tax (VAT) amendments to propose a “zero rating” for sanitary pads
• Incentives to encourage electronic filing of tax returns
• Increased “sin taxes” or excise taxes that generally apply for alcoholic beverages and tobacco products

Source KPMG

See also VAT rates in Namibia

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