NamRA combats tax evasion in Namibia's fishing industry, recovering 20 million Namibian dollars from 14 companies.
Namibia's Revenue Agency (NamRA) is intensifying efforts to combat tax evasion in the fishing industry, historically a low contributor to the national treasury. Since May 1, NamRA has issued administrative summonses and raised tax assessments, recovering 20 million Namibian dollars (about 1.1 million USD) from 14 fishing companies. NamRA is collaborating with law enforcement agencies to strengthen enforcement capabilities and improve compliance with tax laws.
July 25, 2024
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