Tax refunds will not collapse businesses: Shiimi

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2024-09-18

WINDHOEK, 28 February 2024 - Finance and Public Enterprises Minister Iipumbu Shiimi. (Photo by: Andreas Thomas) NAMPA

WINDHOEK, 18 SEP (NAMPA) – The Minister of Finance and Public Enterprises, Iipumbu Shiimi, has dismissed concerns among some businesses regarding the impact of the government directive on tax refunds, asserting that it will not lead to their collapse.
Parliament has passed the Income Tax Amendment Act, 2024 (Act No. 4 of 2024), which provides for Pay-As-You-Earn (PAYE) deduction reimbursements from 01 March 2024 to 30 September 2024.
The ministry...

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