The Namibian Ministry of Finance Feb. 26 presented the 2026-2027 Budget Statement. The budget includes measures to: 1) review and update capital allowance depreciation rules, with possible accelerated capital depreciation; 2) introduce mandatory disclosure rules for aggressive tax planning, to align with OECD base erosion and profit shifting (BEPS) Action 12; 3) adjust individual income tax bracket rates and thresholds over two financial years; 4) review and update the introduction of special economic zones (SEZ) tax incentives; 5) amend the Petroleum Income Tax Act, to address new sector developments; 6) amend VAT legislation to support key sectors, including agricultural input ...