What is the importance of an export levy to Namibia?
An export levy incentivises foreign investors, particularly in the extractive and industrial sectors, to increase the value chain in the country of origin, in this case, Namibia.
Other proposed changes to the tax regime included a 15% value added tax (VAT) on exports, as well as imposing a 5% export levy
The disputed export levy
on unprocessed mineral resources will soon become a reality, the Economist has established.
According to Mostert, apart from the Fukushima disaster and its consequent impact on the uranium spot price, the Namibian uranium exploration mines were also adversely impacted by the Ministry of Finance's proposed amendments to the tax laws and introduction of an export levy
The proposed tax changes included a 15% value added tax (VAT) on exports, as well as a 5% export levy