The Minister of Finance delivered the Namibian Budget Speech on 24 February 2022. 

• No changes to the personal income tax rates were announced.
• The Income Tax Amendment Bill is currently undergoing public consultations. This Amendment Bill includes the proposal to increase the tax deduction limit for contributions to approved pension fund, provident fund, retirement annuity fund, and premiums to educational policies from N$40 000 per annum to N$150 000 per annum.
• In the place of the tax relief program which ended on 31 January 2022, a modified Electronic Filing Tax Relief Programme will be introduced for another period of twelve months to offer much-needed relief to taxpayers by writing off a percentage of the interest and penalties owed as tax arrears to NamRA and to promote the online filing of tax returns and general usage of the Integrated Tax Administration System (ITAS).
• Since its launch, NamRA is progressing well, and they are expected to round up the recruitment process during the first half of this financial year. Further, the Minister of Finance has directed the tax collection agency to prioritise facilitating the ease of paying tax and improving tax compliance across the board.