Namibia: Budget speech 2022
On the 24th of February Minister Iipumbu Shiimi concluded his 2022/2023 National Budget Speech.
This year’s budget
theme is “Reimaging, a Better Future for the Youth”, in resonance with the
theme of the year 2022 as announced by His Excellency President Hage Geingob.
The Income Tax Amendment Bill is
currently undergoing public consultations. This includes proposals for the
deductibility on pension fund contributions and educational policy deductions
to a maximum of N$150,000.00 and enforcing the administration of withholding
tax on services by requiring taxpayers to provide proof of actual tax withheld
from payments.
The effective date for the proposed change has not yet been announced.
Related Articles
Namibia - Budget Speech 2024 - Proposed change to income Tax threshold
The Minister of Finance and Public Enterprises, Honourable Ipumbu Shiimi, tabled the 2024/2025 National Budget during National Assembly on 28 February 2024. The Budget aimed to provide tax relief for taxpayers while still broadening the tax base with ...
Namibia | 2026/2027 Budget Speech, proposed changes to individual income tax brackets
The Minister of Finance, Hon. Ericah Shafudah, presented the 2026/2027 Budget Statement to Parliament on 26 February 2026. The Income Tax Amendment Bill is currently under legal review and is expected to be introduced in Parliament between July and ...
Ghana | 2025 Budget Speech
On 11 March 2025, Ghana's Minister of Finance, Dr Cassiel Ato Forson, delivered the 2025 Budget Speech, outlining key measures to restore the economy. As part of these efforts, several taxes have been cancelled, including the Betting Tax, COVID-19 ...
Lesotho Budget Speech 2024
On February 21, 2024, the Budget Speech for the fiscal year 2024/2025 was presented by the Minister of Finance and Development Planning of Lesotho. During the budget speech, the following proposals affecting payroll were announced: Modifications to ...
Gambia | 2026 Budget Speech
The 2026 Budget Speech of the Republic of The Gambia was delivered on Friday, 5 December 2025 at the National Assembly by the Honourable Minister of Finance and Economic Affairs, Seedy K M Keita. At the time of this update, there are no proposed ...