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Due date looms for tax relief

Due date looms for tax relief

Business Reporter

THE Namibia Revenue Agency (NamRA) is currently running an Electronic Filing Tax Relief Program (Relief) to assist taxpayers with outstanding tax amounts.

The Relief provides for the waiver of 100% of penalties and 75% of interests on the settlement of the capital outstanding tax amount, and will end on 31 January 2022.

In regard to this, Ministry of Finance spokesperson Tonateni Shidhudhu has called upon those who have outstanding tax amounts to come forth as this is a once-off opportunity to settle debts.

Namibia NamRA Electronic Program Relief assist taxpayers outstanding tax
TAX: Ministry of Finance spokesperson Tonateni Shidhudhu Photo: File

As of 30 November 2021, 264 710 taxpayers owed NamRA over N$162 billion in capital tax debt. Close to N$8 billion and over N$265 million in penalties and interest respectively were waived, which was owed by around 23 thousand businesses and more than 11 thousand individual taxpayers who participated in the Relief between January and November 2021.

“Over the past months, we have seen a slight increase in taxpayers engaging our offices about the Relief,” Shidhudhu noted.

“However, looking at the outstanding tax amount and the remaining period for the Relief, the Ministry has called on more taxpayers to participate and benefit from this Relief, so that they become tax compliant,” Shidhudhu said.

The Relief was initiated to assist taxpayers who found it difficult to settle their outstanding tax debts, especially businesses that were affected by the Covid-19 pandemic. Some individual taxpayers were also finding it hard to clear their dues as Covid-19 negatively affected the economy at all levels. Participants are required to register as e-filers and must first file tax returns on ITAS and then pay the capital outstanding amount to qualify for the Relief.

“We remain cognisant of the fact that not all taxpayers are computer literate and might not be able to file their tax returns on their own. Special help desks have been set up at all our regional offices and taxpayers are encouraged to seek assistance there,” Shidhudhu said.

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