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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Tax Regulations

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Business / Economics

NamRa extends deadline for tax certificates to April 2025

The Namibia Revenue Agency has extended the transitional arrangements for obtaining Tax Certificates of Good Standing. This means businesses will have more time to comply with the recently revised guidelines. Originally scheduled to come into effect on 1 June 2024 the new guidelines will now be implemented on 1 April 2025. NamRA’s Acting Chief of Strategic Communications and Support Engagements, Victor Musiwa.

todayJune 18, 2024 67

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Business / Economics

Tesla bypasses South Africa due to high import taxes

Elon Musk has announced that Tesla will not sell electric cars in South Africa due to high import duties and taxes, due to a lack of incentives for local electric vehicle manufacturing. Importing a Tesla Cybertruck to South Africa can cost upwards of R1.3 million (incl. VAT). According to ‘My Broadband’, South Africa’s tax regime protects domestic car factories while failing to develop a policy to incentivise local EV manufacturing.

todayJanuary 23, 2024 30

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