12 March 2018

Namibia issues 2018 budget

Namibia's Honorable Minister of Finance delivered the 2018 budget speech (the Budget) on March 7. The Tax Bills containing the proposed amendments to be tabled in the National Assembly may contain changes and include items not referenced in the Minister's speech. Changes to the Income Tax Act will come into effect in 2019. The effective date of the changes will depend on the adoption thereof in the National Assembly.

A Global Tax Alert, attached below, provides additional details.

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ATTACHMENT

Document ID: 2018-0542