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VAT threshold increase to impact small business positively

NAMPA
2024-09-05
Members of the National Council, during the resumption of a special session on Tuesday, expressed grievances concerning the Income Tax Amendment Bill. (Photo: Contributed) Members of the National Council, during the resumption of a special session on Tuesday, expressed grievances concerning the Income Tax Amendment Bill. (Photo: Contributed)
WINDHOEK, 05 SEP (NAMPA) – Member of the National Council, Leonard Shikulo during the resumption of a special session on Thursday here expressed his support for the increase of the Value-Added Tax (VAT) threshold.
The threshold is to increase from N.dollars 500 000 to N.dollars 1 million in the Value-Added Tax Bill, and the VAT threshold is the volume of annual turnover at which businesses are required to register for VAT.
The Bill provides for t...
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