NamPost will take over the payment of all social welfare grants under the cash pay mode starting 1st October this year.

The Ministry of Finance shared this information during the launch of the regional engagement initiative on social grants at Rundu.

President Netumbo Nandi-Ndaitwah has called on the Bank of Namibia and the Ministry of Finance to release regulations ensuring that fees and charges by commercial banks serve the public interest.

The Ministry of Finance has taken steps to ensure taxpayers receive their refunds earlier than the usual March to June period, to provide relief by speeding up the refund process.

The National Council approved a budget of over N$8 billion for the Ministry of Finance and Public Enterprises.

The Minister of Finance and Public Enterprise, Iipumbu Shiimi, says the government is looking into reviving abandoned national projects in the Zambezi Region. Shiimi visited projects that have been left incomplete in the region.

The Chairperson of the National Council, Lukas Sinimbo Muha, has stressed the need for legislation to be reviewed to reflect the shifting nature of the local and international financial markets.
  

A total of N$52.3 million was raised from the sale of 28,500 metric tons (MT) of horse mackerel under the Governmental Objective Fishing Quota.

The total was inclusive of N$11,000 raised from application fees for the total quota of 30,540 MT of horse mackerel bids held on March 31, 2023.

Taxpayers have once again been urged to take advantage of the Tax Amnesty Program and file their taxes.

Through the Tax Amnesty program announced on the 1st of April, the Ministry of Finance agreed to waive 100% of the interest and penalties on taxes owed to the taxman.

Bank of Namibia and the Ministry of Finance and Public Enterprises have re-launched the SME Economic Recovery Loan Scheme.  

The Ministry of Finance and Public Enterprises announced to the general public on Thursday the new amendments made to the Income Tax Act of 2022.