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When will Saara’s announcement take effect? |
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Written by Staff Reporters
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Dear Editor
Sir, - In this year’s budget speech our minister of
finance announced that the amount that may be contributed towards retirement
provision and deducted from your taxable income will be increased from N$30000
to N$40000 per annum.
The applicable act is of course in place and it is only a
matter of changing the figure in the existing act. It therefore does not
require major legal input.
When does she envisage this increase to become effective and
what can be the reason for the delay?
Impatient Procrastinator
Windhoek
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