Windhoek — Parliament last week decided to decrease the rate of land tax payable by Namibian citizens to 0,4 percent (previously 0,75 percent) with an increase of 0,25 percent for each additional unit, and for foreign landowners to 1,4 percent (previously 1,75 percent) also with an increase of 0,25 percent for each additional unit.
The rate must be calculated based on the value of the land, as determined by the Valuation Court for the 2012/2017 land valuations.
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