24
Oct
MIGNON DU PREEZ The most important change introduced by the gazetting of the Income Tax Amendment Act (No. 8442) on 16 September 2024 was that the tax threshold for individual taxpayers increased from N$50 000 to N$100 000, with effect from 1 March 2024. With this, many Namibians will now have some more money at their disposal to manage wisely. But how? First and foremost is to focus on the building of an emergency fund. Having money saved for emergencies such as a medical emergency or home repairs, saves one from further financial stress. If possible, try to build up…