NamRA to plug revenue leakages

news-image

Windhoek – President Hage Geongob’s government is finalising the establishment of a semi-autonomous tax collection authority, which will be known as the Namibia Revenue Agency (NamRA).

This comes at a time Namibia’s Ministry of Finance has said the country could have lost around N$9,2 billion (US$617 million) in pay as you earn, and corporate and other taxes in the past seven months.

Finance Minister Ipumbu Shiimi this week announced the appointment of long-serving Bank of Namibia director of banking Mr Sam Shivute as the pioneering NamRA Commissioner.

NamRA will be modeled along the lines of the South African Revenue Authority and will take over the tax collection function presently conducted by Finance Ministry.

It will also be tasked with setting up systems to plug leakages and enhance tax compliance.

Minister Shiimi said, “We, therefore, kindly appeal to the nation to support this process and for the media to partner us with the dissemination of correct information to the public. The reform is taking long simply because established due processes have to be followed the tax collection and trade facilitation cannot be interrupted.

“We have to have the systems running until the last day and on the same day switch over to NamRA systems, which will take over as the tax administration agency of Namibia.”

Minister Shiimi said the creation of NamRA would involve transformation of the Department of Inland Revenue and the Directorate of Customs and Excise into a single entity. 

“Before day one of NamRA, which will be determined and announced to the public in advance, the NamRA Act (Act No 12 of 2017) will not be in force and NamRA as an institution does not yet exist. Until such a date; tax and customs and excise functions and the day-to-day operations will continue to be provided by the Department of Inland Revenue and the Directorate of Customs and Excise under the Ministry of Finance as it has been the case.

“As such, during the transitional period, the NamRA Commissioner will not have tax administration powers. Such powers will continue to be vested in the Commissioner of Revenue and Commissioner of Customs and Excise,” he said.

LEAVE A COMMENT

Comments

image

Poachers have broken into Botswana’s p Read more...

10 Aug, 2018 at 01:58 PM

image

In a sign that Botswana is likely to cli Read more...

02 Jul, 2018 at 09:26 AM

image

Gaborone - Poachers have broken into Bot Read more...

04 Feb, 2019 at 07:35 AM

image

DAR ES SALAAM - DIRECTIVES on online for Read more...

02 Jul, 2018 at 01:24 PM

image

SADC leaders meeting in Tanzania this we Read more...

19 Aug, 2019 at 01:51 PM

image

Harare - Brave Warriors forward Deon Hot Read more...

19 Oct, 2020 at 03:45 PM

image

Lusaka - Former Zambian President Rupiah Read more...

19 Oct, 2020 at 03:44 PM

image

The following is the statement by SADC E Read more...

19 Oct, 2020 at 03:42 PM

image

Harare - After seven months of football Read more...

19 Oct, 2020 at 03:41 PM

image

President Cyril Ramaphosa announced that Read more...

19 Oct, 2020 at 03:40 PM

image

Lusaka - Amid myriad criticisms from soc Read more...

14 Dec, 2018 at 06:28 AM

image

FORMER Liberation Movements (FLMs) in So Read more...

16 Sep, 2019 at 12:36 PM

image

Gaborone - The Southern African Developm Read more...

16 Sep, 2019 at 12:37 PM

image

Lusaka - Zambia’s wildlife sub-sector Read more...

09 Oct, 2020 at 12:47 PM

image

Heads of state and ministers who travell Read more...

30 Jul, 2018 at 02:01 PM