N$65 mln VET levy breather

Phillepus UusikuRegistered employers will not be required to pay the vocational education and training (VET) levy for July and August.This will be subject to the finalisation of the requisite statutory process, the chief executive officer of the Namibia Training Authority (NTA), Jerry Beukes, said yesterday.The Covid-19 pandemic continues to exert pressure on Namibian businesses operating in an already depressed and contracting economy. In response to the visible and adverse impact on the economic sector, the NTA decided to take measures to mitigate the effects of the pandemic, Beukes added.The reprieve will amount to a reduction of approximately N$65 million in projected income from the collection of levies. The reduction will not impact the ongoing implementation of strategic transformation and expansion interventions in the VET sector adversely, nor will it affect the sustainability of the VET levy programme, the CEO pointed out.Employers must continue to submit payroll declarations for the two months.It is important emphasise that this reprieve does not include the writing off of any outstanding penalties and interest. To prevent further accumulation thereof, employers are encouraged to settle such arrears, he added.

N$65 mln VET levy breather

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Republikein 2025-11-04

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N$65 mln VET levy breather

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Republikein 2025-11-04

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