The Namibia Press Agency, (NAMPA), was established in 1991 as a national news agency responsible for the distribution of local, regional and international news.

SMEs to get relief from VAT administration - Shiimi

Contributed by NAMPA.

RUNDU, 28 FEB (NAMPA) - Minister of Finance and Public Enterprises, Iipumbu Shiimi on Wednesday said the Financial Year 2024/25 budget will lift mandatory registration threshold for Value Added Tax (VAT) from N.dollars 500 000 to N.dollars 1 million.
Shiimi made the statement when he delivered this year’s budget statement in the National Assembly in Windhoek.
According to the minister, increasing the threshold will relieve approximately 23 000 small and medium enterprises from VAT administration ...