The Deputy Minister of Finance, Maureen Hinda-Mbuende, has tabled amendments to three laws in the financial sector in the National Assembly.

These are the Value Added Tax, Stamp Duties, and the Income Tax.

In her motivation, Hinda-Mbuende explained that the proposed changes to the Value Added Tax deal with amendments to the definition and the assessment of what taxable activities are.

According to the Deputy Minister, the law will enable the Commissioner to determine the manner in which a tax return or notice of assessment may be served and to zero rates the supply of sanitary pads and provide for incidental matters.

On the amendment to the Stamp Duty Act of 1993, Hinda-Mbuende says it is meant to insert certain definitions, introduce a stamp duty of N$100.00 per existing mortgage bond that is transferred to a special purpose entity, and provide for incidental matters.

In terms of the proposed income tax, the deductible on the pension fund and educational policy contributions, among others, she believes this will encourage taxpayers to save for their children's education and save more for retirement.

The Popular Democratic Movement's Nico Smit adjourned the debates to next week.