Lifestyle audits kick off

07 November 2019 | Economics

OGONE TLHAGE



The ministry of finance is gunning after suspected tax defaulters by means of lifestyle audits.

Tax commissioner Justus Mwafongwe told Namibian Sun that the campaign to recover unpaid taxes also involves visiting businesses to establish whether they have registered as taxpayers.

“We have started with lifestyle audits; we have a dedicated team of auditors that are focusing on lifestyle audits and there are some cases that we have already completed and actually collected some money,” said Mwafongwe.

“We are very much aware that there are high net-worth individuals who are probably not declaring the correct amount of income that they are earning, not paying the fair share of their contributions,” he said.

Mwafongwe was also asked to verify whether the ministry was succeeding in collecting outstanding taxes from businesses and individuals based in the north who had not been paying taxes.

Finance minister Calle Schlettwein said at an event hosted by the Namibia Chamber of Commerce and Industry that for the 2015/16 fiscal year, the ministry’s Oshakati office had collected only N$36.8 million from 81 114 taxpayers. That amounted to an average of N$450 per taxpayer.

In contrast, the Keetmanshoop office’s tax collection per taxpayer stood at N$1 527.

“It cannot be plausibly argued that the combined economic activities of the Oshakati region are significantly less than those of Keetmanshoop,” Schlettwein was quoted as saying.

Mwafongwe said there had been improvement in taxes collected in the north. The ministry was asked to give a breakdown of tax collection per tax office in January, but no response has been received yet.

“We were looking at the figures in terms of collections from the northern tax offices, there is an improvement,” Mwafongwe said.

“Even when you look at our targets given for that office, for the past two quarters they have actually met their targets so it’s an indication that there is an improvement in terms of compliance … but again, this is not to say we should now relax.”

According to him, there are compliance issues throughout the country and not only at the Oshakati office.

“There are still a lot of non-compliance cases, not only in the north but the whole country. The Integrated Tax Administration System (ITAS) will do wonders for us, but we need to continue with auditing activities, investigations and collections so that we make sure these people are compliant,” he said.

Similar News

 

17 000 residents targeted for decongestion

22 hours ago | Economics

The Swakopmund municipality is targeting to decongest a total number of 17 000 or more residents from the DRC proper informal settlement by the end...

Safe drinking water crucial

22 hours ago | Economics

Drinking unclean water from the Okavango river or wells will soon be a thing of the past for inhabitants of the Ndonga Linena Constituency in...

Africa Briefs

1 day - 10 August 2020 | Economics

Botswana diamond exports fall tumblesBotswana's rough diamond exports plunged 68% percent in the second quarter of the year, data published by the central bank showed...

Bridge repair paralyses Lagos traffic

1 day - 10 August 2020 | Economics

Liza Fabbian - Monster traffic jams are nothing new for Lagos, but the partial closure of the city's main bridge for repairs has made getting...

Slumping currency fuels fears in DR Congo

1 day - 10 August 2020 | Economics

Marthe Bosuandole - Emilie Kapinga, a 60-year-old fishmonger in a Kinshasa market, now works all day for a pittance.At her wholesaler, "10 kilogrammes of fish...

Agriculture, tourism the future

4 days ago - 07 August 2020 | Economics

whilst the trademark economic sectors of mining and fishing remain the backbone of the region's economy, agriculture and tourism have growth potential, says Aletha Frederick,...

Communal land board avails land

4 days ago - 07 August 2020 | Economics

The communal land board during the 2019/20 financial year has approved 1 116 customary land rights, 15 leasehold land rights and 55 occupational land rights...

RFA spend massive amounts

5 days ago - 06 August 2020 | Economics

The Road Fund Administration (RFA) has over the past five-years allocated N$ 177.2 million to the City of Windhoek towards road maintenance and traffic law...

Defenceless

6 days ago - 05 August 2020 | Economics

Jo-Maré Duddy - A mere N$10 million versus N$170 million.These two figures in the development budget for 2020/21 in many’s opinion will summarise government’s skewed...

EU provides support to Zimbabwe

6 days ago - 05 August 2020 | Economics

The European Union (EU) announced that it had further increased its support towards the most vulnerable in Zimbabwe by providing an additional 14.2 million euros...

Latest News

Boost business to boost growth

22 hours ago | Business

Erongo governor Neville Andre-Itope has called on business owners to explore new ways in order to reignite their respective businesses and the country’s economy.Andre-Itope made...

Access Bank, Cavmont sign agreement...

22 hours ago | Business

Capricorn Group’s Zambian subsidiary, Cavmont Capital Holdings Zambia (Cavmont Bank) signed a definitive agreement regarding a proposed merger with Access Bank Zambia, a subsidiary of...

Action ordered against Swapo court...

22 hours ago | Politics

STAFF REPORTERWINDHOEKThe Swapo central committee has directed the party leadership in Oshana Region to take disciplinary action against party members Mirjam Shituula and Selma Namboga,...

Swapo makes U-turn on 10-year...

22 hours ago | Politics

JEMIMA BEUKESWINDHOEKAfter much criticism, Swapo has made a sudden U-turn and changed its 10-year membership requirement for those who want to vie as candidates for...

Govt quota auction sparks 'second...

22 hours ago | Fishing

LEANDREA LOUWWALVIS BAYFishing industry players are worried that the country will be plunged into another Fishrot scandal if the government auctions its fishing quotas for...

Tossing papers, tapping buttons

22 hours ago | Technology

Justicia Shipena WINDHOEKHaving started his coding journey in grade nine at De Duine Secondary School in Walvis Bay, Joachim Shilongo recently developed a...

17 000 residents targeted for...

22 hours ago | Economics

The Swakopmund municipality is targeting to decongest a total number of 17 000 or more residents from the DRC proper informal settlement by the end...

Fishing quota auctioning model better

22 hours ago | Opinion

A lot has been said since news broke that government plans to auction off fishing quotas to help raise money needed to fend off the...

49% of workplaces ‘poorly prepared’...

22 hours ago | Labour

JEMIMA BEUKESWINDHOEKInspections by the ministry of labour found that only 16% of workplaces complied with occupational safety and health standards, while up to 49% workplaces...

Load More