- VAT Act amendments will target sector-specific relief, especially for agriculture and the creative industry, rather than broad exemptions.
- Key reforms include modernizing the VAT Act, introducing e-invoicing, and establishing a Centralised E-Commerce Clearance Centre to improve compliance and streamline customs processes.
- Excise duties on alcohol and tobacco will increase by 3.39% from February 2026, and the Special Economic Zones tax regime is under review for international alignment.
- New rules will require disclosure of aggressive tax planning, and corporate restructuring provisions are being clarified for group relief.
- Tax refund processing times are being reduced, the tax amnesty program is extended to October 2026, and fuel levy revenues are now dedicated to road infrastructure.
Source: economy.com.na
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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