new taxation regulations

Martin Endjala Various labour unions have criticised the lack of consultation on the tax reimbursement of Pay-As-You-Earn (PAYE) to be paid by employers to employees between 1 March and 30 September. They said that a lack of prior consultation raises questions about transparency and the potential implications of the new taxation regulations for businesses and employees. In a joint statement released last week, we responded to the announcement made earlier this month by the finance minister, Iipumbu Shiimi, regarding tax refunds. The gazetting of the Namibian Income Tax Amendment Act (Act 4 2024) was met with trepidation by employer representatives,…