Namra Pays N$75.1 Million in Tax Refunds

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 24

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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 15 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 31

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 9

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 29

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 44

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 32

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Oshiwambo

O NamRA ya gongela oshimaliwa shoodola oomilion 20 okuza momahangano goohi methimbo efupi elela

Oshikondo shoku gongela oompale dhepangelo o Namibia revenue Agency -NAMRA osheshi pondola oku monapo oodola oomilion 20 okuza komahangano goohi pokati ko 1 May no 19 July nuumvo,okupitila moo summons, nekwatelemo lyoongundu oontitatu,mwa kwatelwa oombanga dhopaipindi ,oku yamukula kwaamboka yeli konima nenge itaayi futu oompale dhepangelo. Omupopilio go Namra Steven Ndorokaze okwati oshikondo shooohi osha kala shili mokati kaamboka yeli pevi elela oku gandja sha moshiketha shepangelo,niifuta ya futwa aanambelewa kuluntu,niilyo […]

July 26, 2024 13 3 3

Business / Economics

NamRA warns of penalties for late tax returns

The Namibia Revenue Agency has reminded the public to submit their income tax returns for the fiscal year 2023/24 before the deadline. NamRa spokesperson, Steven Ndorokaze stressed the importance of timely submission to ensure compliance and avoid penalties.

June 27, 2024 91