Tag: N646

Home N646
Taxpayers to pocket N$646 million in new tax reform
Post

Taxpayers to pocket N$646 million in new tax reform

The government’s revised tax reforms will put N$646 million back in the pockets of taxpayers by exempting all individual taxpayers from paying tax on the first N$100,000 of their income, starting 1 March 2024, an official has said. The government made amendments to increase the threshold for Income Tax on Individuals from the current N$50,000...