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Home Business & Economy

Taxpayers owe N$1.7 billion in import VAT

by editor
March 31, 2025
in Business & Economy
7
A A

The Namibia Revenue Agency (NamRA) has raised concerns over a mounting backlog of unpaid import Value Added Tax (VAT), with taxpayers owing a staggering N$1.7 billion.

A review conducted in February 2025 identified 5,182 taxpayers with outstanding VAT on imports. Of these, 187 taxpayers, whose debts fall within the 0–90-day ageing category, collectively owe N$30 million.

However, the majority of the debt—exceeding N$1.67 billion—is attributed to 4,995 taxpayers whose accounts have remained unpaid for over 90 days.

NamRA has urged all affected taxpayers to settle their VAT import accounts or make immediate arrangements for a structured payment plan.

“Taxpayers are therefore strongly urged to settle their VAT import accounts or arrange for a payment plan immediately. Failure to do so will result in the suspension of their import accounts,” the agency stated.

Furthermore, NamRA has warned against attempts by some taxpayers to bypass their tax obligations by using related entities and subsidiary accounts.

“Some taxpayers attempt to utilise related entities and subsidiary accounts to circumvent the tax obligations. Where such practices are detected, the import accounts involved will also be subjected to immediate suspension,” the agency added.

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