Government Raises Income Tax Threshold, Boosting Construction Workers’ Finances

Government Raises Income Tax Threshold, Boosting Construction Workers’ Finances

The Namibian Building Workers Pension Fund is upbeat about the government's decision to raise income tax thresholds. Notably, the individual income tax threshold has been doubled from N$50,000 to N$100,000. This means many construction sector workers will be exempt from paying individual income tax. Enwich Kazondu, Executive Principal Officer of the Fund.

April 12, 2024 72

Business / Economics

Building Workers Pension Fund optimistic on construction sector prospects

The Namibia Building Workers Pension Fund is optimistic about the year ahead. The principal officer of the NBWPF, Enwich Kazondu, says several projects in the pipeline will impact the construction sector positively. Although, not all will materialise at once, at least the prospects of what lies ahead, create optimism, which is always important from a macroeconomic perspective. Here is Enwich Kazondu.

January 22, 2024 53