What to know about NamRA’s interim Good Standing issuance guidelines

The Namibia Revenue Agency (NamRA) has announced the planned implementation of revised Good Standing Certificates issuance guidelines effective on 1 June 2024. This is what to know about the transitional immediate measures applicable to taxpayers to get Certificates of Good Standing until June 2024:

1. At the date of application of the first Certificate of Good Standing, a taxpayer is required to pay an amount equal to 10% of the outstanding capital balance.
2. The payment plan shall be registered on the Integrated Tax Administration System and instalments shall be spread across a period of twelve consecutive months.
3. When requesting an additional Certificate of Good Standing, a taxpayer needs to demonstrate that they have honoured the instalments either through consecutive monthly payments or by paying an amount larger than the agreed monthly instalment.
4. A taxpayer who secures a procurement contract shall be required to settle all outstanding capital amounts promptly.
5. Any taxpayer who fails to honour the payment arrangement, as duly recorded on ITAS, shall only be given a Certificate of Good Standing upon payment of an amount equal to 20% of the capital balance.
6. The transitional arrangements shall be implemented with immediate effect and no discretion shall be allowed in the issuance of Certificate of Good Standing.

editor

See Full Bio