24
Nov
Chamwe Kaira City Lodge Hotels Limited says its Namibian operation, Town Lodge Windhoek, continues to experience strong demand, according to its latest operational update. Earlier this year, the group wrote down N$13.5 million in Namibia after new tax rules restricted how companies can carry forward assessed losses. Under the changes introduced by the Namibia Revenue Agency (NamRA) in September 2024 and effective from 1 July 2024, losses can only be set off against taxable income up to N$1 million or 80% of taxable income, whichever is higher. Losses also cannot be carried forward for more than five years. Last year,…
