{"id":9190,"date":"2022-01-11T14:21:00","date_gmt":"2022-01-11T14:21:00","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/tax-relief-coming-to-an-end"},"modified":"2022-01-11T15:03:09","modified_gmt":"2022-01-11T15:03:09","slug":"tax-relief-coming-to-an-end","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/tax-relief-coming-to-an-end","title":{"rendered":"Tax relief coming to an end"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>THE Namibia Revenue Agency’s tax relief programme due date looms, with 264 710 taxpayers still in arrears.<\/b><\/p>\n

The revenue agency is currently running an Electronic Filing Tax Relief Programme (Relief) to help taxpayers clear their outstanding taxes. The relief provides for the waiver of 100% of penalties and 75% of interest on the settlement of the capital outstanding tax amount.<\/p>\n

The programme ends on 31 January 2022. As at 30 November 2021, 264 710 taxpayers owed the agency over N$162 billion in capital tax debt. Meanwhile, the agency waived close to N$8 billion and over N$265 million in penalties and interest, respectively, which was owed by around 23 000 businesses and more than 11 000 individual taxpayers, who participated in the relief between January and November 2021.<\/p>\n

Over the past months, the agency has seen a slight increase in taxpayers engaging their offices regarding the relief. In a newsletter released yesterday, the revenue agency urged more taxpayers to participate and benefit from the relief programme, so that they become tax compliant.<\/p>\n

\u201cThe relief was initiated to assist taxpayers who found it difficult to settle their outstanding tax debts, especially businesses that were affected by the Covid-19 pandemic. Some individual taxpayers were also finding it hard to clear their dues as Covid-19 negatively affected our economy at all levels,\u201d the agency added.<\/p>\n

Participants are required to register as e-filers and must first file tax returns on the Integrated Tax Administration System (ITAS) and then pay the capital outstanding amount to qualify for the relief.<\/p>\n

\u201cWe remain cognisant of the fact that not all taxpayers are computer literate and might not be able to file their tax returns on their own. Special help desks have been set up at all our regional offices and taxpayers are encouraged to seek assistance there,\u201d the agency added.<\/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 Namibia Revenue Agency’s tax relief programme due date looms, with 264 710 taxpayers still in arrears. The revenue agency is currently running an Electronic Filing Tax Relief Programme (Relief) to help taxpayers clear their outstanding taxes. The relief provides for the waiver of 100% of penalties and 75% of interest on […]<\/p>\n","protected":false},"author":84,"featured_media":9189,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[234,236,233],"class_list":["post-9190","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nTax relief coming to an end - Namibia<\/title>\n<meta name=\"description\" content=\"THE Namibia Revenue Agency's tax relief programme due date looms, with 264 710 taxpayers still in arrears. 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