22 July 2008 (Allafrica.com)
The Ministry of Finance says the VAT exemption of certain basic food items will not apply to prepared foods that contain these ingredients. The products that will be tax free from August 1 are fresh and dried beans (excluding canned and frozen beans), sunflower cooking oil, processed animal fat (lard), bread, and bread and cake flour (sifted and unsifted).
Showing posts with label Namibia. Show all posts
Showing posts with label Namibia. Show all posts
Tuesday, July 22, 2008
Namibia: Zero Tax to Be Effected in August
22 July 2008 (Allafrica.com)
Beginning 1 August, 2008, consumers will pay less on selected basic food items; more than a month after President Hifikepunye Pohamba directed an amendment to the VAT Bill.
Beginning 1 August, 2008, consumers will pay less on selected basic food items; more than a month after President Hifikepunye Pohamba directed an amendment to the VAT Bill.
Namibia: Govt Explains VAT-Free Rating
22 July 2008 (Allafrica.com)
The Ministry of Finance says the VAT exemption of certain basic food items will not apply to prepared foods that contain these ingredients. The products that will be tax free from August 1 are fresh and dried beans (excluding canned and frozen beans), sunflower cooking oil, processed animal fat (lard), bread, and bread and cake flour (sifted and unsifted).
The Ministry of Finance says the VAT exemption of certain basic food items will not apply to prepared foods that contain these ingredients. The products that will be tax free from August 1 are fresh and dried beans (excluding canned and frozen beans), sunflower cooking oil, processed animal fat (lard), bread, and bread and cake flour (sifted and unsifted).
Saturday, June 28, 2008
Namibia: New VAT Guidelines
28 June 2008 (New Era)
Prime Minister Nahas Angula has instructed the Ministry of Trade and Industry to come up with practical guidelines to be followed by retailers to ensure total compliance to Government's decision on zero-rating tax on selected food items. This comes after both Parliament and the National Council passed the Value Added Tax (VAT) Amendment Bill.
Monday, June 2, 2008
Namibia: Mining Earnings Jump 13 Percent
June 2, 2008 (Allafrica.com)
Namibia's mining industry announced a bumper turnover of N$13.8 billion last year, representing a 13 percent increase Value addition generated a record N$5.5 billion contributing almost 12 percent to Namibia's Gross Domestic Product and almost 60 percent to merchandise exports.
Namibia's mining industry announced a bumper turnover of N$13.8 billion last year, representing a 13 percent increase Value addition generated a record N$5.5 billion contributing almost 12 percent to Namibia's Gross Domestic Product and almost 60 percent to merchandise exports.
Wednesday, March 26, 2008
Namibia- Pitfalls of export processing zones
26th march 2008 (Pambazuka.org)
Under AGOA, Ramatex Textile & Garment Factory, a Malaysian company moved to Namibia. Herbert Jauch looks at the cost of allowing companies to operate without government regulation, tax exemption and government sanctioned suspension of worker rights in Export Processing Zones.
Under AGOA, Ramatex Textile & Garment Factory, a Malaysian company moved to Namibia. Herbert Jauch looks at the cost of allowing companies to operate without government regulation, tax exemption and government sanctioned suspension of worker rights in Export Processing Zones.
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