Taxman moves on fraud

The taxman has highlighted instances where what people were importing and exporting did not match up to the income of a particular person, giving rise to the possibility that money was leaving the country illegally.

14 November 2019 | Local News

Tax commissioner Justus Mwafongwe says the use of good standing certificates may be one way to ensure that billions do not disappear from local circulation though customs and other fraudulent activities.

Good standing certificates are issued in instances where no taxes are owed to government.

“There is a requirement, for instance, if you are taking money out of the country, offshore investments, there is a requirement to produce a good standing certificate just to make sure that this particular person is in good standing with his tax account,” Mwafongwe said.

“Being in good standing is one thing; the other is whether you have actually declared all the income you have earned. On face value, you can be in good standing because all your returns have been submitted, but maybe when you were assessed you have actually not declared all the income that you have earned, that is another issue that we are looking at.” Mwafongwe explained there were instances where what people were importing and exporting did not match up to the income of a particular person, giving rise to the possibility that money was leaving the country illegally, Mwafongwe explained.

“These are your declarations, but there is information/evidence that you have been taking so much out of the country, so the two do not correlate, because otherwise if you are just declaring X amount, at the same time you have the ability to take Y amount out of the country… somewhere, somehow you are doing business, you are getting extra income. Where did you get all this money? So that collaboration between us, the Bank of Namibia (BoN), customs and excise and commercial banks, in terms of check mechanisms, those have been strengthened,” he said.

Walvis Bay-based businessman Laurentius Julius, along with Chinese nationals Tao Huizhong, Jack Huang, Zhihua Gua, Hongying Jia, Shuhua Cao, Dadi Li and Ying Zhang stand accused of syphoning N$3.5 billion out of the country between 2010 and 2016. The case is expected to return to the High Court in January next year. All the accused are currently out on bail.

Evidence presented in the Windhoek High Court during a bail hearing indicated that the ministry of finance suffered losses as a result of the under-declaration of the value of goods imported into Namibia on which customs duties were supposed to be paid. Mwafongwe said the N$3.5 billion matter before court a lesson learnt by treasury.

“It's a lesson, we have learnt a lot from that incident and we have actually set up some control mechanisms to make sure this will not be repeated. We are collaborating more with the central bank; they have an exchange control directorate within the bank,” he added.

OGONE TLHAGE

Similar News

 

Hitman molugodhi nelelo lyaNdangwa

19 hours ago | Local News

ILENI NANDJATOONDANGWAOmudhengingonyo nale gwoWorld Boxing Association (WBA) a simana Paulus 'The Hitman' Moses okuli molugodhi italu hulu nelelo lyondoolopa yaNdangwa, ndyoka tali popi kutya okwa...

Ooskola dhopevi dha tameke

19 hours ago | Local News

JUSTICIA SHIPENAOVENDUKAOshitopolwa oshitiyali shetameko lyooskola osha tulwa miilonga oshiwike shika, sha landula sho ooskola dha kalekwa uule woomwedhi, okuza momwedhi Maalitsa, omolwa ombuto yo Covid-19.Pahapu...

Ondangwa council in rematch with 'Hitman'

1 day - 08 July 2020 | Local News

ILENI NANDJATOONDANGWAThe dust is refusing to settle in the land conflict between the Ondangwa town council and former World Boxing Association (WBA) lightweight world champion...

Contractor sues govt for N$75m

2 days ago - 07 July 2020 | Local News

ILENI NANDJATOONDANGWA The works ministry is being taken to court for refusing to pay a contractor N$75.3 million for the construction of the Omusati...

IIia Nghipundjwa a ningi omukwatakanithi gwaSwapo mOmuthiya

2 days ago - 07 July 2020 | Local News

NAMPAONGWEDIVAAakuthimbinga yaSwapo momutumba gwomahogololo gaaleli yoshikandjo shaMuthiya, oya hogolola, Ilia Nghipundjwa onga omukwatatakanithi omupe gwoshikandjo shoka, sha landula omutumba ngoka gwa ningilwa mOmuthiyagwiipundi mOlyomakaya.Omukwateli komeho...

Ongeyo yandje oyi li mondjila: Swartbooi

2 days ago - 07 July 2020 | Local News

NAMPAOVENDUKABernadus Swartbooi okwa popi ngaaka pethimbo lyomutumba gwiikundaneki ngoka a ningi mEtine lya piti, moka a yelitha omaihumbato giilyo yoLandless People’s Movement (LPM) momutumba gwoNational...

After a successful operation, boy gets land

3 days ago - 06 July 2020 | Local News

OGONE TLHAGEOKAHANDJAOtjozondjupa governor James Uerikua has helped three-year-old Shuuya Ndeutenge, who had a growth protruding through his belly button, secure a 400-square-metre plot in Okahandja's...

War veteran's house roofless

3 days ago - 06 July 2020 | Local News

KENYA KAMBOWENDIYONAA family of nine at Ndiyona settlement in the Kavango East Region have been living in a government tent for the past eight months...

Olukongo lwAambisofi aape yaElcin lwa tameke

3 days ago - 06 July 2020 | Local News

ILENI NANDJATOONIIPAOngongahangano yoongeleka dhoEvangelical Lutheran Church in Namibia (ELCIN) otayi ilongekidhile okuhogolola aambisofi aape, pomutumba gwawo ngoka kwa tegelelwa gu ningwe muMei omvula twa taalela.Ongeleka...

Oskola yaMweshipandeka ya patwa omolwa oCovid-19

3 days ago - 06 July 2020 | Local News

ILENI NANDJATOONGWEDIVAAalongi otaya kala miilonga naanaskola mboka haya zi momuhandjo otaya kala moskola omanga aanaskola mboka haya zi komagumbo taya kala komagumbo. Etseyitho ndyoka olya...

Latest News

Namibia's airport gears for operations...

19 hours ago | Business

Namibia's flagship airport the Hosea Kutako International Airport (HKIA) is ready for its restart plan as borders are going to gradually open under the provisions...

'Swapo campaign benefitted from Fishrot'

19 hours ago | Crime

JEMIMA BEUKESWINDHOEKA State witness in the ongoing bail application of former fisheries minister Bernhardt Esau and his son-in-law Tamson Hatuikulipi dropped a bombshell yesterday when...

Itula not a competitor –...

19 hours ago | Politics

OGONE TLHAGEWINDHOEK The Affirmative Repositioning (AR) movement does not see the Independent Patriots for Change (IPC), a mooted political party led by former presidential...

Air Namibia wants its wings...

19 hours ago | Transport

OGONE TLHAGEWINDHOEKAir Namibia has written to the Transport Commission of Namibia, demanding to know why the national carrier's air services licence has been temporarily suspended.The...

Namibia receives 2.35 million...

19 hours ago | Economics

China has donated Covid-19 related supplies worth 40 million Namibian dollars (2.35 million US dollars) to Namibia to assist the country in fighting the virus,...

Time for Swapo to answer

19 hours ago | Opinion

Now more than ever, the ruling party Swapo has no excuse to maintain the deafening silence on allegations it has benefitted from the multi-million-dollar Fishrot...

Farmers rue lack of post-resettlement...

19 hours ago | Business

By Edward Mumbuu JnrSome resettlement beneficiaries have expressed discontent in governments post-resettlement support programme, which they suggest, derails the productivity and profitability of such farms.The...

San's existence under threat

19 hours ago | Environment

STAFF REPORTER WINDHOEK The San's environment is constantly under threat, and while they were once able to sustain themselves and their way of...

Pick n Pay assault twist

19 hours ago | Crime

ELLANIE SMITWINDHOEK The wife of a suspect, who can clearly be seen beating a Pick n Pay employee in a video that went viral this...

Load More