The Business and Intellectual Property Authority (BIPA) has extended its Annual Duty Penalty Waiver Programme until 30 September 2025, providing registered business entities with additional time to comply with regulatory requirements without facing penalties or interest charges.
The initiative, initially introduced to assist struggling businesses—particularly small and medium enterprises (SMEs)—allows entities with outstanding annual duty payments from 2012 to 2022 to regularise their status without incurring punitive costs.
“We continue to recognise the challenges that many businesses, especially SMEs, are facing. By extending the waiver programme, we are providing essential relief for entrepreneurs, enabling them to achieve compliance and continue playing an active role in Namibia’s economy,” said BIPA Acting Chief Executive Officer, Ainna Kaundu.
Kaundu added that the extension reflects BIPA’s ongoing efforts to foster a supportive and inclusive business environment, while also reinforcing the importance of legal compliance in the sector.
She said entities that do not make use of the extended waiver risk potential deregistration.
“BIPA remains committed to fostering a supportive business environment and urges all non-compliant entities to utilise this extended waiver period to their benefit,” Kaundu said.
