The Namibia Revenue Agency (NamRA) and the Namibia Investment Promotion and Development Board (NIPDB) have signed a Memorandum of Understanding (MoU) that aims to enhance competitiveness and simplify the business environment in Namibia.
The MoU outlines measures to streamline income tax and VAT registration, strengthen the enforcement of revenue laws, and facilitate joint policy consultations on investment issues.
NIPDB Chief Executive Officer Nangula Uaandja said the MoU emphasises the complementary roles of their institutions in supporting the government and Namibian citizens which is crucial, especially given the international competition.
“I believe that our two institutions play a complementary role in supporting the government and the Namibian people. As we are promoters and marketers of Namibia, we are competing significantly internationally,” she said.
Uaandja added that to enhance Namibia’s global standing and attract business, service providers and regulators must deliver services in a business-friendly manner.
“So because of that competition, we need to make sure that our service providers, our regulators and so forth, are providing services in a manner that is friendly to do business in Namibia,” she added.
Meanwhile, NamRA Commissioner Sam Shivute highlighted that strengthening domestic resource mobilisation requires expanding the tax base, which can only be achieved through economic diversification.
“The investors are coming in and growing our domestic resource mobilisation. The signing of this memorandum of understanding is a commitment for us to improve service delivery. This is both to our taxpayers, to our investors and to everyone who wants to do business with Namibia,” he said.
The duo note that by working together, NIPDB and NamRA are not only facilitating investment but also paving the way for a more efficient and investor-friendly regulatory framework.
Both organisations are committed to improving their operational capacities, sharing critical information, and fostering a favourable business climate, adhering to international best practices.
