The Namibia Revenue Agency (NamRA) says it has disbursed a cumulative N$100.9 million to eligible taxpayers as part of its Mass Tax Refund exercise.
According to NamRA, out of the 78,441 tax returns processed, a total of 46,941 refunds have been successfully disbursed to 46,772 individual salaried persons and pensioners.
“While the majority of refunds were successfully processed, unfortunately, 31,500 refunds, totaling N$56.9 million, were rejected for various reasons. The rejection criteria encompassed outstanding returns, unpaid liabilities, and lack of bank account numbers among other factors,” said NamRA Chief Strategic Communications and Support Engagements, Yarukeekuro Ndorokaze.
Ndorokaze also urged taxpayers to take proactive steps to avoid refund rejections, including ensuring the timely submission of returns, settling any outstanding liabilities, and providing accurate bank account information.
“We, therefore, urge taxpayers to proactively address the identified shortcomings to avoid refund rejections going forward and ensure the swift release of their refunds,” he said.
The announcement comes as the revenue company collected N$51 billion in taxes as of November 2023, putting it within reach of its N$71-billion target for the 2023-2024 financial year. According to NamRA Commissioner Sam Shivute, the collected taxes were N$13 billion more compared to the N$38 billion collected in November 2022.
NamRA also collected N$37.4 billion in revenue by the end of the second quarter (Q2) of the 2023/2024 fiscal year, representing a whopping 55.2% of its ambitious N$67.8 billion revenue target set for the previous financial year.
