OrbitaxOrbitax

Namibia to Repeal Tax Incentives for Manufacturing and Export Processing Zones

|Proposed Changes|Namibia
Namibia

Namibia's Minister of Finance introduced a draft bill in parliament on 19 February 2020 that would repeal tax incentives for manufacturers and export processing zones (EPZs).

For manufacturers, this includes the repeal of the 10-year reduced tax rate of 18% and the additional 25% deductions for training costs, export costs, and transport costs for materials and components and imported equipmen…

Continue Reading