NamRa owed N$90 billion in unpaid taxes - nbc скачать в хорошем качестве

NamRa owed N$90 billion in unpaid taxes - nbc

Taxpayers owe the Namibia Revenue Agency (NamRa) a staggering N$ 90 billion accumulated over the years.   NamRA's Chief of Strategic Communications, Stakeholder Engagement, and Taxpayer Education, Yarukeekuro Steven Ndorokaze, described it as a historic debt.   Out of this amount, between N$ 17 and N$ 18 billion constitutes capital tax debt, while the remainder comprises interest and penalties.   In a recent interview with Nampa, Ndorokaze noted that despite the substantial amount owed, the agency is confident that a significant portion can be recovered through the government's tax amnesty programme, introduced in 2023. This was later extended for a further two years until the end of October 2026, provided all relevant parties meet the required conditions.   Ndorokaze explained that by the end of the last financial year, the agency had collected nearly N$3 billion, through the tax amnesty programme.   He emphasised that the policy allows taxpayers to settle capital tax debt while interest and penalties are waived.   Furthermore, Ndorokaze said that during the first collection period from 2021 to 2022, the agency's target was N$49.5 billion, and by the end of that financial year, it had collected N$ 52.9 billion, surpassing the target by N$3.5 billion.   He also highlighted that over the past four years, NamRa has recorded a cumulative increase in revenue collection of approximately 67%, progressing from 40% to 80%.