Top listeners:

skip_previous skip_next
00:00 00:00
playlist_play chevron_left

Business / Economics

Economists break down revised tax reforms and national budget

todayFebruary 29, 2024 34

share close

With Finance and Public Enterprises Minister Ipumbu Shiimi having announced in yesterday’s National budget that the government has revised tax reforms that will put N$646 million back in the pockets of taxpayers by exempting all individual taxpayers from paying tax on the first N$100,000 of their income, starting 1 March 2024, we asked Cirrus Capital Economist Robert McGregor for a breakdown of the numbers.

Namibia’s largest-ever annual budget on Wednesday outlined a projected government spending of N$100.1 billion for the 2024/2025 financial year. Included in the budget was the promised increase in the income tax threshold. FnB Namibia Economist Ruusa Nandago explains how this will affect people paying income tax.

Written by: Tonata Kadhila

Rate it

Post comments (0)

Leave a reply

Your email address will not be published. Required fields are marked *