Meatco reinstates 15 percent VAT of cattle at abbatoirs

Contributed by NAMPA.

WINDHOEK, 18 JUNE (NAMPA) – The Meat Corporation of Namibia (Meatco) has withdrawn its earlier implementation of zero-rated Value Added Tax (VAT) on all cattle transactions with the Windhoek abattoir.
In a media statement on Monday, Meatco confirmed that it was reversing its earlier announcement to that effect as implemented on 15 April 2018.
As such, the corporation has reinstated the 15 percent VAT levy on cattle procured at its abattoir.
The development, according to Meatco, was necessi ...