By: Justicia Shipena
The Namibia Chamber of Commerce and Industry (NCCI) has expressed its satisfaction of the 2024/25 national budget, presented in parliament last month.
NCCI president Bisey /Uirab noted that the budget reflects a consideration of the concerns and proposals put forth by the business community.
He particularly highlighted the tax policy outlined in the budget as commendable.
The N$100 billion budget for 2024/25, presented by Finance Minister Iipumbu Shiimi, included significant tax adjustments, notably raising the individual income tax threshold from N$50,000 to N$100,000.
Shiimi estimated that this adjustment would inject N$646 million into taxpayers’ pockets.
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