Tax First Newsletter

Providing you with informed commentary on current developments in the local tax and business arena.

An Overview of the National Budget 2024/25

The National Budget 2024/25 presented by the Finance Minister, Honourable Mr. Ipumbu Shiimi, on the 28th of February 2024 is tabled while Namibia underwent leadership changes. His Excellency President Nangolo Mbumba, was appointed on 4 February 2024, after the loss of our late President, His Excellency Dr. Hage Geingob.

The Finance Minister presented the Budget with the mindful vision aimed at “continuing the legacy of His Excellency Dr. Hage G. Geingob by caring for the Namibian child”.

…… and so to continue the legacy of His Excellency Dr. Hage G.Geingob, we reference his remarkable words of the 4th of May 2022 “We should prioritize preparing our young people to be generational leaders and include them in leadership structures so they can be represented in the echelon and express their opinions on subjects that are important to them.”

In summary, the Budget provided sufficient importance to all sectors of the Namibian economy and strives to enhance the ease-of-doing business in Namibia. The Budget emphasized infrastructural development and tax enhancements, while keeping its focus on dealing with poverty alleviation and social inequalities.

Download the pdf below to read more...

Also in this issue:

  • Household - Individual & Consumption Tax Contribution
  • Business School Calendar
  • Tax Calendar

 

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Contact us

Chantell Husselmann

Chantell Husselmann

Country Senior Partner, PwC Namibia

Tel: +264 61 284 1327

Johan Nel

Johan Nel

Partner/Director, PwC Namibia

Tel: +264 61 284 1122

Ansie Rossouw

Ansie Rossouw

Partner in Charge Walvis Bay, PwC Namibia

Tel: +264 64 217 700

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