The Namibia Revenue Agency (Namra) has extended the deadline for the submission of income tax returns to 31 October for taxpayers affected by the implementation of Section 21 of the Income Tax Act, 1981.
Namra strategic communications and support engagements chief Yarukeekuro Ndorokaze says the extension applies to returns that were originally due on 31 July, 31 August, and 30 September.
Ndorokaze explains that the extension was prompted by “system readiness challenges” as Namra prepares to implement amendments to Section 21.
“The Namibia Revenue Agency hereby informs all taxpayers affected by the implementation of Section 21 of the Income Tax Act, 1981 (Act No. 24 of 1981), that the submission of returns has been extended to 31 October,” he says.
The amended section introduces limits on the setting-off of assessed losses carried forward from previous years of assessment.
Namra has encouraged all affected taxpayers to use the extended period to familiarise themselves with the changes and ensure compliance.
This comes as Namra collected N$19.9 billion in net revenue during the first quarter of the 2025/26 financial year, representing 22.4% of its annual revenue target of N$88.999 billion.
According to the revenue agency, gross revenue as at 30 June stood at N$22.5 billion. After issuing tax refunds amounting to N$2.6 billion, the net figure came to N$19.9 billion.
Namra stated that international taxes were the largest contributor to the total, accounting for N$5.7 billion or 28.6% of net revenue. This was followed by value added tax (N$5 billion), pay-as-you-earn (N$4.2 billion), and corporate income tax (N$3.7 billion). Other tax categories contributed a further N$1.3 billion.
In addition, Namra says domestic taxes generated N$13.6 billion, while customs and excise duties brought in N$6.3 billion during the period under review. – The Brief
In an age of information overload, Sunrise is The Namibian’s morning briefing, delivered at 6h00 from Monday to Friday. It offers a curated rundown of the most important stories from the past 24 hours – occasionally with a light, witty touch. It’s an essential way to stay informed. Subscribe and join our newsletter community.
The Namibian uses AI tools to assist with improved quality, accuracy and efficiency, while maintaining editorial oversight and journalistic integrity.
Stay informed with The Namibian – your source for credible journalism. Get in-depth reporting and opinions for
only N$85 a month. Invest in journalism, invest in democracy –
Subscribe Now!
