Thursday, October 1, 2026
Subscribe
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • E-PAPERreader
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • E-PAPERreader
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
Home Business & Economy

ACC records decline in non-compliance, money laundering, tax evasion cases 

by editor
March 11, 2025
in Business & Economy
3
A A

The Anti-Corruption Commission (ACC) has recorded a decline in cases of non-compliance, money laundering and tax evasion, attributed to its collaboration with the Namibia Revenue Agency (NamRA).

According to ACC Director-General Paulus Noa, the ACC and NamRA’s joint efforts have led to a noticeable reduction in tax evasion cases, with several companies now adhering to tax regulations to avoid financial penalties. 

“Since we started taking action, NamRA started taking action, these things are still reducing now. There were companies that have not been paying tax, but they have learned now. Time to cheat is over,” he said.

He noted that businesses that previously failed to comply have faced severe consequences, including account closures and seizure of funds owed to the tax authorities.

“There are companies that have lost a massive amount of money when they realised that their accounts have been closed, and all the money that was in the bank account was taken because the company was owing the tax man,” he said. 

Noa noted that the joint efforts between ACC and NamRA have led to significant financial consequences for non-compliant businesses as the ACC’s investigative strategy now includes a broader focus beyond corruption.

“One thing that we immediately try to look at is, besides the corruption, is there money laundering in the process? Is there tax avoidance? As soon as we investigate, we share this information with the Namibia Revenue Authority to see whether this person has ever declared his income or not. That helps us in the process of investigation to strengthen our suspicion that we are dealing with a criminal person here,” Noa explained. 

He emphasised that even when individuals evade criminal prosecution, financial penalties remain a key deterrent. 

“Even when he is not taken to the criminal court, we will chop his head off through the taxation. That’s how we deal. We deal with all the barriers open. We don’t just use one barrier,” Noa said.

The DG noted that the ACC’s efforts align with NamRA’s intensified enforcement measures, which have contributed to increased compliance in taxation and financial regulations.

He further noted that the decline in such cases signals progress in Namibia’s broader anti-corruption and tax compliance framework, a trend that authorities intend to sustain through continued inter-agency cooperation.

author avatar
editor
See Full Bio
Previous Post

Government allocates N$12 million for electrification in Hardap and ǁKharas

Next Post

NIP to localise DNA paternity testing

Must Read

Aerial view of a city with a red-brick church at a roundabout center, surrounded by roads and palm trees.
Business & Economy

Namibia’s economy grows N$5.3bn to N$70.6bn in Q2

September 24, 2026
Woman in colorful traditional attire speaks at a podium with a microphone in a conference room.
Business & Economy

Namibia backs African credit rating agency, pushes climate finance reform

September 24, 2026
White van and four white cars parked in a gravel lot under a metal canopy beside a warehouse/storage building.
Business & Economy

Works Ministry targets overhaul of ageing state fleet, properties

September 22, 2026
Two professionals shake hands while exchanging a document in an office, with a purple banner reading 'Fund Scholarships' in the background.
Business & Economy

Saipem, Petrofund partner to develop Namibia’s oil and gas skills

September 22, 2026
Beige, two-story building perched above terraced gardens with palm trees and wide stone steps, set in a lush green lawn.
Business & Economy

Namibia advances plans for Parliamentary Budget Office

September 21, 2026
Aerial view of a busy exhibition hall filled with white booth structures, red-carpet aisles, and attendees exploring stalls.
Business & Economy

Namibia urged to target high-value, small-scale MICE market

September 7, 2026
Load More

Related News

Namibia, Japan set for rare earth and green hydrogen agreements

Namibia, Japan set for rare earth and green hydrogen agreements

August 6, 2023
FNB wins Best Bank in Namibia award

FNB wins Best Bank in Namibia award

April 9, 2024
Strikes in Namibia: When the law speaks, but dignity suffers

Strikes in Namibia: When the law speaks, but dignity suffers

February 23, 2026

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • e-edition
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • Namibia
  • namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • e-edition
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2026 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2026 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.