- Namibian Ministry of Finance & Public Enterprises presented the 2024-25 Budget Statement
- Introducing a Special Economic Zones regime with a 20 percent corporate income tax rate and zero percent VAT
- Increasing the VAT registration threshold to 1 million dollars
- Implementing a VAT e-invoicing system
- Providing a final extension of the Tax Amnesty Program for tax debts settled by Oct. 30, 2024
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.
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