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Namibia's 2021/22 Budget Statement Delivered

26 March 2021

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Proposed Changes

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Namibia

Namibia's Ministry of Finance has published the 2021/22 Budget Statement, which was delivered in parliament on 17 March 2021. The statement includes that the government has taken a decision to not increase general tax rates, although a number of tax policy and tax administration reforms have been announced as follows: The long-overdue official launch of the Namibia Revenue Agency (NamRA) is scheduled for 7 April 2021; A reduction in the non-mining company tax will be considered during the Medium-Term Expenditure Framework (MTEF) period, with specific timelines and magnitudes to be announced during the Mid-Year Budget Review in October 2021; The...