This comes after the finance ministry announced that VAT will no longer be charged on sanitary pads from 1 January.
"By law, if they collect money unlawfully, they will be required to refund customers," ministry spokesperson Wilson Shikoto says. Shikoto says the ministry has completed its mission of ensuring the vulnerable are taken care of, adding that the Namibia Revenue Agency will make sure the law is adhered to.
Meanwhile, various retailers have already begun readjusting their prices on women's sanitary pads after the law to remove 15% luxury tax on these items took effect last Sunday.Pick n Pay's managing director, Graeme Mouton, says the adjustment in the removal of the tax from sanitary pads has been implemented across all Pick n Pay stores nationwide as of Sunday.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Uganda: As Workers Wait for Dec Salaries Into January, Finance Promises to InvestigateThe Minister of State for Finance (General Duties), Hon. Henry Musasizi has said investigations into non- payment of December salaries for civil servants will be carried.
Source: allafrica - 🏆 1. / 99 Read more »
International Finance: Asia stocks climb as traders bet on Fed slowdown: markets wrapAsian stocks rose after US equities had their best day in more than a month on Friday as traders speculate that an unexpected contraction in services activity and a slowdown in wage growth will temper the Federal Reserve’s rate hike aggression.
Source: dailymaverick - 🏆 3. / 84 Read more »
Starting salaries for banking and finance jobs in South Africa in 2023 – including graduatesStarting salaries for banking and finance jobs in South Africa in 2023 - including graduates
Source: BusinessTechSA - 🏆 24. / 61 Read more »
International Finance: Asian stocks fall as hawkish Fed halts S&P’s rally: markets wrapAsian stocks fell on Tuesday after a rally in US shares evaporated as Federal Reserve officials signalled the central bank will likely need to raise interest rates above 5% before pausing and holding for some time.
Source: dailymaverick - 🏆 3. / 84 Read more »