After the end of the tax relief programme on 31 Jan- uary 2022, NamRA will introduce a modified Electronic Filing Tax Relief Programme for another 12 months to offer “much-needed relief to taxpayers by writing off a percentage of the interest and penalties owed as tax arrears to NamRA and to promote the online filing of tax returns and general usage of the Integrated Tax Administration System (ITA. [...] The minister reports the establishment of NamRA is “progressing well and they are expected to round up the recruitment process during the first half of this financial year.” The creation of the Tax Policy Unit in the Ministry of Finance has commenced. [...] This year the Budget Speech, Estimates of Revenue and Expenditure, the Fiscal Strategy, the MTEF document and the Accountability Report for 2020-21 were all available on the Ministry of Finance website on the day the budget was tabled. [...] The Estimates of Revenue and Expenditure is a large and complex document, made more complicated by the restructuring of expenditure by Classifications of the Functions of Government (COFOG), in line with the IMF’s Government Finance Statistics Manual 2014 some years ago. [...] ABOUT THE AUTHOR Robin Sherbourne is a freelance economist, a former director of the IPPR, and the author of the IPPR’s Guide to the Namibian Economy publication.
- Pages
- 8
- Published in
- Namibia
