Tax compliance is less costly than non-compliance

PHILLEPUS UUSIKUFor the financial year 2021/22, the Namibia Revenue Agency (NamRa) has a target of collecting N$49 billion in tax revenue of which N$23 billion or 47% of the revenue target has been achieved at the end of August 2021.These remarks were made by NamRa’s commissioner Sam Shivute at a media engagement on Tuesday. Shivute notes that they have developed departmental plans and an institutional organisational scorecard based on three strategic pillars and six strategic objectives.The three strategic pillars include maximising revenue, enhancing trade facilitation, effective governance and customer centric. The objectives are to improve voluntary compliance, optimise revenue collection, enhance trade facilitation, invest in NamRa and its people, pursue innovation, optimise organisational efficiency, service delivery and cost effectiveness, Shivute said.Also speaking at the event is Idi Itope, head of domestic taxes at the agency who pointed out that there are currently about 887 500 registered tax payers in Namibia.ComplianceOut of the 887500 registered tax payers, only 57% have submitted their forms and are complying with the tax laws and the remaining 43% which represents about 381 654 taxpayers are not complying with the tax laws. At the end of 30 September 2021, 107 200 tax payers owed N$12 billion in capital, which implies that it can never be written off. Interest charged for not paying on time stood at N$6 billion, representing 137 000 tax payers, while penalties stood at N$36 billion representing 117 600 tax payers at the end of September 2021. Itope warned that the cost of compliance is less than the cost of non-compliance as taxpayers pension can be forfeited.Furthermore, Jacqueline Gawanas, acting head of customs and excise at the agency emphasised on the functions of the customs and excise department. The functions of the department include border control and operational compliance, enforcement and compliance, technical services and excise management and, trade facilitation and procedures.

Tax compliance is less costly than non-compliance

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Republikein 2026-03-02

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Tax compliance is less costly than non-compliance

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Republikein 2026-03-02

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