Trade verification system to be introduced
By NamRA and Bank of Namibia
It is expected to improve the collection of taxes and levies related to import transactions, thereby reducing tax evasion and reduce import duties and taxes refund claim fraud.
The Namibia Revenue Agency (NamRA) and Bank of Namibia (BoN) are working on introducing a web-based regulatory system to mitigate the illegal outflow of funds from the local econom...
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