ANNOUNCED AS TEMPORARYNo
On 13 March 2009 the Minister of Finance presented the 2009/10 Budget. The elements of the Budget with potential implications for international commerce include:
1.) Corporate tax for non-mining operators will be lowered from 35% to 34%
2.) "In accordance with requirements of the Southern African Customs Union (SACU) Agreement of 2002, excise duties on the following were increased.
Malt beer- increased by 7 cents to 79 cents per 340ml can
Unfortified wine- increased by 14 cents to N$1.98 per litre
Fortified wine - increased by 32 cents to N$3.72 per litre
Spirits- increased by N$3.21 to N$25.05 per 750ml
Cigarettes - increased by 88 cents to N$7.70 per packet of 20". (Paragraph F.7.)
These excise duties were implemented with effect from 11 February 2009
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