The Namibia Press Agency, (NAMPA), was established in 1991 as a national news agency responsible for the distribution of local, regional and international news.

Solidarity wealth tax implemented: Schlettwein

Solidarity wealth tax implemented: Schlettwein

Written by Edward Mumbuu Jnr on 14 March 2018.

WINDHOEK, 14 MAR (NAMPA) – Finance minister Calle Schlettwein said the increased tax rate for high earners and subsequent reduction in that of low earners was the implementation of the awaited solidarity wealth tax.
“That is a solidarity action allowable in a progressive transact and we have amended the solidarity wealth tax. We have implemented it,” Schlettwein said in an interview with Nampa recently.
He tabled the 2018/19 N.dollars 65 billion National Budget in the capital last week when the tax adjustm ...

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