Taxpayers give N$13,5 billion to Govt revenue

Namibians have contributed N$13,5 billion towards government revenue from 1 April to 30 June.

This is according to the Namibia Revenue Agency (Namra).

Namra commissioner Sam Shivute says the agency has collected a total of N$21,4 billion of which 63% involves domestic taxes.

He says this is 25,10% of the revenue target set for the 2024/25 financial year.

“The revenue generated during this period comprises 63% from domestic taxes and 37% from customs and excise. Domestic taxes recorded a gross revenue amount of N$15,7 billion, achieving a net collection of N$13,5 billion for the reviewed period,” Shivute says.

Additionally, the agency collected N$7,9 billion from customs and excise during the period under review.

Shivute says this was mainly through the Southern African Customs Union.

He says the agency gave taxpayers back N$2,3 billion.

“In terms of refunds, N$2.3 billion was disbursed to taxpayers following audits and verifications, with N$2,15 billion, accounting for 95%, relating to value-added tax refunds,” he says.

The commissioner says the agency marked a milestone as it signed a bilateral agreement between Namibia and Zambia to establish a one-stop border post at the Katima Mulilo border.

“This development is particularly significant for Namra as it aligns perfectly with our mandate to facilitate trade, improve customs procedures and enhance travel experiences and border efficiency,” Shivute says.

He urges all taxpayers with outstanding balances to take advantage of the amnesty programme before the deadline of 30 October.

The amnesty programme replaces the electronic filing tax relief programme and commenced on 1 April last year.

During the first phase of the tax relief programme, from 1 June to 30 November 2022, a total 36 653 taxpayers registered and most made payments.

Namra has generated N$619 million from taxpayers who participated in the relief programme, including business entities and 7 781 taxpayers.

“We urge all taxpayers to ensure they submit their returns timely and declare accurately. We must encourage taxpayers with tax debts to make use of the tax relief amnesty programme before the deadline on 30 October,” Shivute says.

– e-mail:shania@namibian.com.natwitter:@ShaniaLazarus