NamRA to play 'crucial national role'

The directors of the board of directors of the Namibia Revenue Agency (NamRA) were inaugurated on Monday.
Jo-Mare Duddy Booysen
Jo-Maré Duddy - Taxpayers still owe the Receiver of Revenue more than 66% of arrears identified last year.

Inaugurating the founding board of directors of the Namibia Revenue Agency (NamRA) on Monday, finance minister Calle Schlettwein said only N$1.3 billion of the N$2.59 billion principal tax liability to the state remains outstanding.

Schlettwein said NamRA is a “new institution for which we are working relentlessly to establish next year”.

“It is a macro-critical institution, to be responsible for the collection of the revenue for the state, administration of tax and customs and excise laws and efficient provision of taxpayer services,” he said.

Schlettwein has targeted total tax revenue of N$53.5 billion in the current budget year. In 2019/20, he hopes to increase it by about one percent or N$573 million to some N$54 billion. By 2021/22, total tax revenue should exceed N$60 billion.

“The taxpayer and traders communities increasingly need more efficient and effective taxpayer services, most notably the ease of paying taxes and simplicity of self-assessment through e-filling services,” the minister said on Monday.

In addition, “ethical conduct and the performance-driven culture among staff of the revenue and customs and excise offices are key to operational efficiency and the public confidence in the revenue office”, he added.

Some of the NamRA board's immediate duties are to oversee the process of recruiting a commissioner of the agency by January next year, as well as the recruitment of senior management.

The board will also have to develop and adopt a strategic and business plan for NamRA.

In addition, they will have to oversee the “implementation of a robust stakeholder engagement and change management processes for a smooth transition to the new institution”.

Schlettwein said he will enter into a performance agreement with the board within the next few days, encompassing “time-bound deliverables on the transitional activities”.

The NamRA board consists of:

Anna Nakale-Kawana: Chairperson

Former Commissioner of Revenue, former founding board chairperson of the Namibia Financial Institutions Supervisory Authority (Namfisa), and former managing director of NamibRe.

Stefan Hugo: Deputy chairperson

Tax expert and chartered account, and former tax practice leader with PwC Namibia.

Shirene Bumpton: A human resources expert now plying her trade at the Bank of Namibia (BoN).

Melanie Tjienda: The head of ICT quality assurance, standards and skills development in the Office of the Prime Minister, and former chief systems analyst with the ICT division at the ministry of finance.

Adv Dennis Khama: Admitted legal practitioner, a former deputy director at the Financial Intelligence Centre, a former public prosecutor and senior official at the ministry of justice and former director on several boards.

The permanent secretary of the ministry of finance and the NamRA commissioner will be the ex-officio members of the board.

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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 233.12/OZ UP +1.93% | Copper US$ 3.99/lb UP +0.12% | Zinc US$ 2 455.50/T UP 0% | Brent Crude Oil US$ 87.65/BBP UP +1.46% | Platinum US$ 908.62/OZ UP +1.53% Sport results: European Championships Qualifying: Bristol City 1 vs 0 Leicester City English Championship: Bristol City 1 vs 0 Leicester City Weather: Katima Mulilo: 19° | 36° Rundu: 19° | 29° Eenhana: 19° | 29° Oshakati: 21° | 30° Ruacana: 20° | 33° Tsumeb: 19° | 29° Otjiwarongo: 16° | 29° Omaruru: 19° | 32° Windhoek: 17° | 29° Gobabis: 17° | 30° Henties Bay: 16° | 20° Wind speed: 22km/h, Wind direction: S, Low tide: 11:22, High tide: 05:24, Low Tide: 23:26, High tide: 17:46 Swakopmund: 16° | 17° Wind speed: 24km/h, Wind direction: SW, Low tide: 11:20, High tide: 05:22, Low Tide: 23:24, High tide: 17:44 Walvis Bay: 16° | 22° Wind speed: 27km/h, Wind direction: SW, Low tide: 11:20, High tide: 05:21, Low Tide: 23:24, High tide: 17:43 Rehoboth: 19° | 30° Mariental: 23° | 34° Keetmanshoop: 24° | 35° Aranos: 22° | 33° Lüderitz: 15° | 28° Ariamsvlei: 24° | 35° Oranjemund: 14° | 25° Luanda: 27° | 28° Gaborone: 20° | 32° Lubumbashi: 17° | 26° Mbabane: 16° | 21° Maseru: 11° | 29° Antananarivo: 16° | 27° Lilongwe: 17° | 27° Maputo: 20° | 28° Windhoek: 17° | 29° Cape Town: 17° | 28° Durban: 20° | 24° Johannesburg: 16° | 24° Dar es Salaam: 26° | 32° Lusaka: 20° | 30° Harare: 16° | 29° Economic Indicators: Currency: GBP to NAD 23.82 | EUR to NAD 20.37 | CNY to NAD 2.61 | USD to NAD 18.88 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.33 | EGP to NAD 0.39 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.74 | ZWL to NAD 0.04 | BRL to NAD 3.77 | RUB to NAD 0.2 | INR to NAD 0.23 | USD to DZD 134.66 | USD to AOA 832.63 | USD to BWP 13.71 | USD to EGP 47.35 | USD to KES 130.98 | USD to NGN 1303.34 | USD to ZAR 18.88 | USD to ZMW 25.01 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 74536 Up +0.85% | Namibian Stock Exchange (NSX) Overall Index 1528.69 Up +0.84% | Casablanca Stock Exchange (CSE) MASI 12986.94 Up +0.04% | Egyptian Exchange (EGX) 30 Index 27559.35 Down -2.36% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 233.12/OZ UP +1.93% | Copper US$ 3.99/lb UP +0.12% | Zinc US$ 2 455.50/T UP 0% | Brent Crude Oil US$ 87.65/BBP UP +1.46% | Platinum US$ 908.62/OZ UP +1.53%