Ipumbu Shiimi

15 Sep

PAYE reimbursements loom as new tax rates take effect

ObserverNational NewsIpumbu Shiimi, NamRA, Pay-As-You-Earn (PAYE)

Niël Terblanché Namibia’s minister of finance and public enterprises, Ipumbu Shiimi, has announced that employers are required to adjust the Pay-As-You-Earn (PAYE) tax deductions from employees to ensure the reimbursement of any over-deducted amounts. In a statement issued over the weekend, Shiimi stressed that any over-deduction of PAYE resulting from the implementation of the adjusted statutory tax rates must be refunded by employers shortly after the gazettement of the new rates. The minister, however, did not indicate exactly when the new rates will be gazetted. “The reimbursement would be deducted from the employee's monthly tax contribution payable to the Namibia…

It was not Emma Theofelus – Shiimi

ObserverObserver MoneyDeputy Information Minister, Emma Theofelus, Finance minister, Ipumbu Shiimi, value added tax (VAT)

Rose-Mary Haufiku and Kandjemuni Kamuiiri Finance Minister, Ipumbu Shiimi, said the decision to remove value added tax (VAT) on sanitary pads has nothing to do with the motion tabled by Deputy Information Minister, Emma Theofelus, two weeks ago. He said a decision had already been taken by the Finance ministry in January. “The removal of VAT on sanitary pads is not in any way linked to Emma Theofelus. It has got nothing to do with her. She brought her issue, but it was already in the budget,” Shiimi told the Windhoek observer . The revelation by Shiimi comes as Theofelus…