Nambian Tax Alert 2007 Budget Edition
In this newsletter, we comment on the tax announcements made by the Honourable Minister of Finance, Saara Kuugongwela-Amadhila, in her Budget Speech earlier today.
The Minister noted that tax collections were higher than expected for the past year and this positive trend is expected to continue in 2007/08. This is attributed to economic growth in certain sectors as well as ongoing efforts to optimise tax collections through improved tax law enforcement. Measures implemented such as forensics tax audits and training of tax administrators have apparently yielded positive results. The Minister noted however that a significant decrease in revenue from the SACU revenue pool is expected from 2010.
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