Namibia Revenue Agency

O NamRA ya gongela oodola oomilion 3.4 okupitilila monomola yawo yoku lopota okwaahalonga nuuyuki

O Namibia Revenue Agency NamRA oyeshi pondolola oku mona oodola oomilion 3.4 oku pitila monomola yawo yoku lopota uukengeleledhi nokwaahalonga nuuyuki. Ya tamekithwa omumvo gwa piti ,nohayi kondololwa ko Deloitee Namibia,onomola yoku lopota okwaahalonga nuuyuki yo NamRa oya ninga oshilongitho sha simana moku yambulapo uundikuwetikile. Okuza nkene ya tulilwe miilonga mu May 2024,onomola oya yakula oolopota 60 dhinasha nomaipulo ngaashi uukengeleledhi,okwaahalonga nuuyuki,oku yanda oku futa iifuta yepangelo,uufuthi wiimaliwa,endjondjo lyiingangamithi,nomaihumbato galwe […]

March 12, 2025

Business / Economics

Morning Biz News 26 February 2025: NamRA Revenue Surges, BP Shifts Strategy, and AfDB Backs SMMEs

NamRA Collects N$79.3 Billion in Revenue The Namibia Revenue Agency (NamRA) has collected N$79.3 billion in revenue as of 31 January 2025. According to NamRA’s latest figures, domestic tax collections amounted to N$31.36 billion, while customs and excise duties contributed N$48 billion. The total revenue estimate for the 2024/2025 financial year is projected at N$85.3 billion. South Africa’s Poultry Master Plan Exceeds Targets In South Africa, the first phase of […]

February 26, 2025 13

Business / Economics

Namra Pays N$75.1 Million in Tax Refunds

The Namibia Revenue Agency recently disbursed N$75.1 million in tax refunds to over 50,000 taxpayers, with individual refunds ranging from N$100 to N$3,000. Namra spokesperson Tonateni Shidhudhu confirmed a third batch of refunds, between N$101 and N$100,000, is set for release prior to the end of this month.

November 14, 2024 34

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Opinion Pieces

Estate Planning: Expenses to Be Considered for a Deceased Estate

By Bank Windhoek’s Trust and Estates Manager, Letitia Du Plessis. A deceased estate refers to the property and money left behind by a person after they pass on. A critical part of estate planning is ensuring that there is sufficient cash in your estate to meet various obligations. Unfortunately, what seems like a straightforward process is actually a complex and time-consuming task that requires planning while you are still […]

November 12, 2024 22 2

Business / Economics

NamRa Commissioner sets record straight on tax refunds

Businesses have raised concerns about the tax relief that was gazetted in October. This follows the Ministry of Finance and Public Enterprises' announcement that employers will need to reimburse employees once the new statutory tax rates are officially published. Namibia Revenue Agency's commissioner, Sam Shivute explains.

October 21, 2024 39

Opinion Pieces

Stakeholder contribution towards pension fund operational efficiency

Pension funds are essential for the responsible management and safeguarding of members' retirement savings, providing peace of mind through robust communication and awareness efforts. These savings offer financial security, independence, and stability upon retirement, disability, ill-health, and death, while also serving as a cushion in cases such as retrenchment. For pension funds to operate efficiently, contributions must be managed responsibly within regulatory and legislative frameworks, with a focus […]

September 17, 2024 14

Oshiwambo

O NamRA no NIPDB ya shaina etsokumwe oku nkondopeka elongelokumwe

O Namibia Investment Promotion and Development Board no Namibia Revenue Agency ,oya shaina etsokumwe ndyoka tali ka pitika o NamRA yi tume aakalelipo ya ka kale nombelewa metungo lyo NIPDB,noku ka gandja omayakulo kaapunguli. Omunambelewa gomakwatathano mo NIPDB Catherine Shipushu okwati elongelokumwe ndika otali kongo oku ningitha oshipu iikumungu yinasha niihohela,oku nawapaleka iilonga netulomilonga lyooveta dhegongelo lyiifuta yokongulu,noku yela elongelokumwe lyopamuhanga miinima yiimanga komilandu eendithi dhoka dha guma paukililo nenge […]

September 12, 2024 37

Business / Economics

Revenue Agency to Suspend Unlicensed Clearing Agents

The Namibia Revenue Agency has announced that clearing agents who do not renew their licenses for 2024 will face suspension. A 30-day grace period will be provided, from August 14 to September 13, for agents to complete their renewal. Failure to renew by the deadline will result in license termination. The agency's Tonateni Shidhudhu.

August 15, 2024 51

Namibia

NamRa collects N$21.4 billion in Q2 revenue

The Namibia Revenue Agency has collected N$21.4 billion in revenue during the quarter ending 30 June 2024, representing 25.1% of the N$85.3 billion annual revenue target. NamRA's Commissioner and CEO, Sam Shivute, said that domestic taxes were the main contributor, generating N$13.5 billion or 63% of the total revenue. According to The Brief, the remaining N$7.9 billion was derived from customs and excise duties, primarily through SACU receipts.

August 5, 2024 44