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Namibia 2021/22 Mid-Year Budget Policy Speech Presented

08 November 2021

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Proposed Changes

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Namibia

On 3 November 2021, Namibia's Ministry of Finance Iipumbu Shiimi presented the 2021/22 Mid-Year Budget Policy Speech. Regarding the area of tax policy and tax administration reforms, the Minister notes progress in the following areas, including measures announced earlier in the year as part of the 2021/22 Budget Statement: The Namibia Revenue Agency (NamRA) was officially launched on 7 April 2021 and is currently establishing its corporate identity, including crafting operational policies and finalizing staff recruitment and transfers; The Government is still exploring options to reduce the non-mining company tax, with consideration to effect it in the outer years of...