{"id":62409,"date":"2024-02-03T17:12:38","date_gmt":"2024-02-03T17:12:38","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/namra-and-bipa-sign-mou-to-integrate-systems-to-fight-tax-evasion-and-money-laundering"},"modified":"2024-02-03T17:19:02","modified_gmt":"2024-02-03T17:19:02","slug":"namra-and-bipa-sign-mou-to-integrate-systems-to-fight-tax-evasion-and-money-laundering","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/namra-and-bipa-sign-mou-to-integrate-systems-to-fight-tax-evasion-and-money-laundering","title":{"rendered":"NamRa and BIPA sign MoU to integrate systems to fight tax evasion and money laundering"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>THE Namibian Revenue Agency (NamRa) and the Business Intellectual Property Authority (BIPA) have signed a Memorandum of Understanding (MoU) to integrate their systems, aiming to combat tax evasion and money laundering.<\/p>\n

\u201cWe envision a future where, if you register your business at BIPA, you might not need to visit NamRa\u2019s premises as we will exchange your tax identification number on the system,\u201d said Sam Shivute, NamRa Commissioner.<\/p>\n

He emphasized that the integration would eradicate the existence of ghost companies. \u201cIndividuals registered at BIPA should also be registered at NamRa. It\u2019s crucial to have that cross-reference for system integration,\u201d Shivute explained.<\/p>\n

He added that many Namibians have been exploited in the business sector, with their ID documents used to register businesses without their knowledge, leading to millions being transferred abroad.<\/p>\n

Also speaking at the event, BIPA CEO Vivienne Katjioungua echoed Shivute\u2019s sentiments, highlighting instances of tax evasion due to discrepancies between financial figures provided to BIPA and those submitted to NamRa.<\/p>\n

\u201cWith the current global trends, we are moving towards automation for efficiency and clarity. It grants clients access to the system from anywhere. You can register your entity from home without visiting BIPA,\u201d Katjioungua said.<\/p>\n

However, she emphasized that BIPA operates within specific legal boundaries. \u201cWe won\u2019t create an integration that infringes on any laws. For instance, the Financial Intelligence Act dictates providing information to business owners. Some may be listed as shareholders or directors, but the beneficiary might be someone else. We are permitted to provide this information,\u201d the CEO explained.<\/p>\n

She added that with enhanced access to information through the integrated system, clients can verify details, enabling BIPA to initiate investigations if discrepancies are found, eliminating the need to resort to legal action for information.<\/p>\n

Additionally, Katjioungua said that the system would improve market regulation, citing examples where individuals are prohibited from running a cash loan business while engaging in unrelated sectors not aligned with the financial services provided by the cash loan entity.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. THE Namibian Revenue Agency (NamRa) and the Business Intellectual Property Authority (BIPA) have signed a Memorandum of Understanding (MoU) to integrate their systems, aiming to combat tax evasion and money laundering. \u201cWe envision a future where, if you register your business at BIPA, you might not need to visit NamRa\u2019s premises as […]<\/p>\n","protected":false},"author":84,"featured_media":62408,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[234,236,233],"class_list":["post-62409","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nNamRa and BIPA sign MoU to integrate systems to fight tax evasion and money laundering - Namibia<\/title>\n<meta name=\"description\" content=\"THE Namibian Revenue Agency (NamRa) and the Business Intellectual Property Authority (BIPA) have signed a Memorandum of ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/namra-and-bipa-sign-mou-to-integrate-systems-to-fight-tax-evasion-and-money-laundering\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NamRa and BIPA sign MoU to integrate systems to fight tax evasion and money laundering\" \/>\n<meta property=\"og:description\" content=\"THE Namibian Revenue Agency (NamRa) and the Business Intellectual Property Authority (BIPA) have signed a Memorandum of ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/namra-and-bipa-sign-mou-to-integrate-systems-to-fight-tax-evasion-and-money-laundering\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-03T17:12:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-03T17:19:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/02\/sm_1706968046.05891.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"918\" \/>\n\t<meta property=\"og:image:height\" content=\"744\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namra-and-bipa-sign-mou-to-integrate-systems-to-fight-tax-evasion-and-money-laundering#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namra-and-bipa-sign-mou-to-integrate-systems-to-fight-tax-evasion-and-money-laundering\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"NamRa and BIPA sign MoU to integrate systems to fight tax evasion and money laundering\",\"datePublished\":\"2024-02-03T17:12:38+00:00\",\"dateModified\":\"2024-02-03T17:19:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namra-and-bipa-sign-mou-to-integrate-systems-to-fight-tax-evasion-and-money-laundering\"},\"wordCount\":357,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namra-and-bipa-sign-mou-to-integrate-systems-to-fight-tax-evasion-and-money-laundering#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/02\/sm_1706968046.05891.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/namra-and-bipa-sign-mou-to-integrate-systems-to-fight-tax-evasion-and-money-laundering#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namra-and-bipa-sign-mou-to-integrate-systems-to-fight-tax-evasion-and-money-laundering\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namra-and-bipa-sign-mou-to-integrate-systems-to-fight-tax-evasion-and-money-laundering\",\"name\":\"NamRa and BIPA sign MoU to integrate systems to fight tax evasion and money laundering - Namibia\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namra-and-bipa-sign-mou-to-integrate-systems-to-fight-tax-evasion-and-money-laundering#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namra-and-bipa-sign-mou-to-integrate-systems-to-fight-tax-evasion-and-money-laundering#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/02\/sm_1706968046.05891.jpg\",\"datePublished\":\"2024-02-03T17:12:38+00:00\",\"dateModified\":\"2024-02-03T17:19:02+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"THE Namibian Revenue Agency (NamRa) and the Business Intellectual Property Authority (BIPA) have signed a Memorandum of ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namra-and-bipa-sign-mou-to-integrate-systems-to-fight-tax-evasion-and-money-laundering#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/namra-and-bipa-sign-mou-to-integrate-systems-to-fight-tax-evasion-and-money-laundering\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namra-and-bipa-sign-mou-to-integrate-systems-to-fight-tax-evasion-and-money-laundering#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/02\/sm_1706968046.05891.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/02\/sm_1706968046.05891.jpg\",\"width\":918,\"height\":744,\"caption\":\"NamRa and BIPA sign MoU to integrate systems to fight tax evasion and money laundering\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namra-and-bipa-sign-mou-to-integrate-systems-to-fight-tax-evasion-and-money-laundering#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/namibia\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NamRa and BIPA sign MoU to integrate systems to fight tax evasion and money laundering\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#website\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/\",\"name\":\"Namibia\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/namibia\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"NamRa and BIPA sign MoU to integrate systems to fight tax evasion and money laundering - Namibia","description":"THE Namibian Revenue Agency (NamRa) and the Business Intellectual Property Authority (BIPA) have signed a Memorandum of ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/namibia\/all-news\/namra-and-bipa-sign-mou-to-integrate-systems-to-fight-tax-evasion-and-money-laundering","og_locale":"en_US","og_type":"article","og_title":"NamRa and BIPA sign MoU to integrate systems to fight tax evasion and money laundering","og_description":"THE Namibian Revenue Agency (NamRa) and the Business Intellectual Property Authority (BIPA) have signed a Memorandum of ...","og_url":"https:\/\/www.africa-press.net\/namibia\/all-news\/namra-and-bipa-sign-mou-to-integrate-systems-to-fight-tax-evasion-and-money-laundering","og_site_name":"Namibia","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2024-02-03T17:12:38+00:00","article_modified_time":"2024-02-03T17:19:02+00:00","og_image":[{"width":918,"height":744,"url":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/02\/sm_1706968046.05891.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/namra-and-bipa-sign-mou-to-integrate-systems-to-fight-tax-evasion-and-money-laundering#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/namra-and-bipa-sign-mou-to-integrate-systems-to-fight-tax-evasion-and-money-laundering"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"NamRa and BIPA sign MoU to integrate systems to fight tax evasion and money laundering","datePublished":"2024-02-03T17:12:38+00:00","dateModified":"2024-02-03T17:19:02+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/namra-and-bipa-sign-mou-to-integrate-systems-to-fight-tax-evasion-and-money-laundering"},"wordCount":357,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/namra-and-bipa-sign-mou-to-integrate-systems-to-fight-tax-evasion-and-money-laundering#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/02\/sm_1706968046.05891.jpg","keywords":["africa press","Africa Press-Namibia","namibia"],"articleSection":["all news","economy","head lines"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/namibia\/all-news\/namra-and-bipa-sign-mou-to-integrate-systems-to-fight-tax-evasion-and-money-laundering#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/namra-and-bipa-sign-mou-to-integrate-systems-to-fight-tax-evasion-and-money-laundering","url":"https:\/\/www.africa-press.net\/namibia\/all-news\/namra-and-bipa-sign-mou-to-integrate-systems-to-fight-tax-evasion-and-money-laundering","name":"NamRa and BIPA sign MoU to integrate systems to fight tax evasion and money laundering - Namibia","isPartOf":{"@id":"https:\/\/www.africa-press.net\/namibia\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/namra-and-bipa-sign-mou-to-integrate-systems-to-fight-tax-evasion-and-money-laundering#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/namra-and-bipa-sign-mou-to-integrate-systems-to-fight-tax-evasion-and-money-laundering#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/02\/sm_1706968046.05891.jpg","datePublished":"2024-02-03T17:12:38+00:00","dateModified":"2024-02-03T17:19:02+00:00","author":{"@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"THE Namibian Revenue Agency (NamRa) and the Business Intellectual Property Authority (BIPA) have signed a Memorandum of ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/namra-and-bipa-sign-mou-to-integrate-systems-to-fight-tax-evasion-and-money-laundering#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/namibia\/all-news\/namra-and-bipa-sign-mou-to-integrate-systems-to-fight-tax-evasion-and-money-laundering"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/namra-and-bipa-sign-mou-to-integrate-systems-to-fight-tax-evasion-and-money-laundering#primaryimage","url":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/02\/sm_1706968046.05891.jpg","contentUrl":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/02\/sm_1706968046.05891.jpg","width":918,"height":744,"caption":"NamRa and BIPA sign MoU to integrate systems to fight tax evasion and money laundering"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/namra-and-bipa-sign-mou-to-integrate-systems-to-fight-tax-evasion-and-money-laundering#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/namibia\/"},{"@type":"ListItem","position":2,"name":"NamRa and BIPA sign MoU to integrate systems to fight tax evasion and money laundering"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/namibia\/#website","url":"https:\/\/www.africa-press.net\/namibia\/","name":"Namibia","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/namibia\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/posts\/62409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/comments?post=62409"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/posts\/62409\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/media\/62408"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/media?parent=62409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/categories?post=62409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/tags?post=62409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}