Home
FacebookTwitterSearchMenu
  • Subscribe
  • Subscribe
  • News
  • Features
  • Knowledge Library
  • Columns
  • Customs
  • Jobs
  • Directory
  • FX Rates
  • Contact us
    • Contact us
    • About Us
    • Advertise
    • Send us news
    • Editorial Guidelines
Logistics
Other

Improved tax protocols on the cards for Namibia

31 Mar 2025 - by Staff reporter
NamRA Commissioner Sam Shivute. Source: New Era Live
0 Comments

Share

  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • E-mail
  • Print

The Namibia Revenue Agency (NamRA) has said it will ensure the realisation of fiscal expenditure objectives following the passing of finance minister Ericah Shafudah’s N$106.3-billion national budget for the 2025/26 financial year.

One of the budget’s objectives, Shadufah said, was the modernisation of tax administration.

It includes the introduction of an e-invoicing system for individuals registered for Value-added Tax (VAT).

NamRA Commissioner Sam Shivute earlier indicated that the agency had completed research and benchmarking on this system, which is scheduled for implementation in April 2026.

The revenue agency stated that the initiative had the potential to significantly reduce administrative costs, enhance data accuracy, and combat VAT fraud.

According to Shivute, substantial progress has been achieved through Namibia’s Tax Amnesty Programme, which resulted in N$3 billion in collections across various tax categories between April 2023 and February 2025.

The amnesty programme is set to continue until October 31, 2026.

Shadufah has, in turn, said NamRA’s approach in mobilising domestic revenue resources has enabled the fiscus to meet its obligations despite considerable revenue challenges, particularly within the diamond sector.

Shivute urged the public to support NamRA’s efforts by fostering a culture of voluntary compliance, suggesting that collaboration could help build a resilient economy and secure a better future for all.

Sign up to our mailing list and get daily news headlines and weekly features directly to your inbox free.
Subscribe to receive print copies of Freight News Features to your door.

Trump's 'Liberation Day' tariffs a major threat to SA (*)

Imports and Exports

The citrus and automotive industries could suffer significantly if Agoa benefits are revoked.

02 Apr 2025
0 Comments

African airlines experience 5.7% drop in air cargo demand in February

Air Freight

The dip in demand is attributed to the extraordinary performance of February 2024.

01 Apr 2025
0 Comments

Border Management Authority says it’s G20-ready

Border Beat

It will be expected of the BMA to be ‘up to the task’ to ensure border safety and security.

01 Apr 2025
0 Comments

Cloud-based computing plays pivotal role

Logistics

Another emerging trend has been the widespread adoption of the Internet of Things (IoT), particularly in the road freight sector.

01 Apr 2025
0 Comments

Zimbabwe quiet but tense as Mnangagwa battles for survival

Africa

Reports indicate growing indiscipline among security forces, with some resorting to criminal activities.

01 Apr 2025
0 Comments

Absa PMI ticks up in March

Economy

But the index remains in negative territory with load-shedding and souring SA-US relations weighing on confidence.

01 Apr 2025
0 Comments

Innovation leads the way for wind turbine logistics

Logistics
01 Apr 2025
0 Comments

Russia and China advance rescue of grounded ship

Sea Freight

The Anyang-2 box ship and its crew have been stuck for more than a month off the coast of Sakhalin Island.

01 Apr 2025
0 Comments

Resilient agri industry posts record 2024 earnings

Imports and Exports

Exports to the US amounted to 4%, but their value cannot be minimised. – Wandile Sihlobo

31 Mar 2025
0 Comments

Industry continues to wait for BMA about 24-hour operations

Border Beat
31 Mar 2025
0 Comments

Transport union demands clarity on Transnet wage deal

Logistics

As the majority union, Untu says it will exercise its legal right to declare a dispute of mutual interest.

31 Mar 2025
0 Comments

Transporters avoid Zimbabwe amid possible political instability

Border Beat

In Bulawayo, crowds were seen walking past transport assets, apparently in support of growing dissent.

31 Mar 2025
0 Comments
  • More

FeatureClick to view

The Cape 16 May 2025

Border Beat

The N4 Maputo Corridor crossing – congestion, crime and potholes
12 May 2025
Fuel-crime curbing causes tanker build-up at Moz border
08 May 2025
Border police turn the tide on illegal crossings
29 Apr 2025
More

Featured Jobs

New

Multimodal Controller - Sea and Air Imports and Exports (West Rand)

Tiger Recruitment
West Rand - Roodepoort
19 May
New

Sales & Operations Coordinator

Lee Botti & Associates
Durban
19 May
More Jobs
  • © Now Media
  • Privacy Policy
  • Freight News RSS
  • About Us
  • Advertise
  • Send us news
  • Contact us