By: Nghiinomenwa-vali Erastus

More than 5,000 importing individuals and businesses are at risk of having their import accounts suspended if they do not settle their import debt or make payment arrangements.

The Namibia Revenue Agency (NamRA) announced this week.

This comes after the agency found that the modality of deferring import value added tax is being abused by importers.

“NamRA has observed a concerning trend where taxpayers continuously defer their import Value Added Tax (VAT) accounts before settling them.”

Currently, the import VAT is payable on all imports for home consumption in Namibia, subject to certain exemptions (e.g., in terms of a technical assistance agreement, donations to the state, and goods of which the local supply is zero-rated).

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