tax
tax

Namibian Minister of Finance Calle Schlettwein on Wednesday said the business community in that country has overwhelmingly responded to a new online tax registration system.

Speaking to Xinhua, Schlettwein said the taxation department received more than 600 new registrations within the past week from companies for small, medium and large entities.

“I am very convinced with the way the Namibian business community is heeding the move by Government to register for online taxation. We continue to receive new online registration applications in the days to come,” he said.

“I presume in future this is going to improve tax compliance from corporate in future and in turn improve Government’s revenue collection,” he added.

Schlettwein said the process has not been smooth despite progress reached with the new online tax registration system.

“We still face challenges though with companies that do not seem to understand the way the online system works but I urge those to engage our information centres for help in the future so they do not struggle,” he said.

According to Schlettwein, Namibia introduced an online tax registration system to avert challenges associated with none compliance by the business community and also create a friendlier and attractive tax regime. Enditem

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