Home Africa Namibia: Namra investigates fishing companies for tax evasion – News

Namibia: Namra investigates fishing companies for tax evasion – News

Namibia: Namra investigates fishing companies for tax evasion – News

Africa Links 24 with Donald Matthys
Published on 2024-07-26 06:50:06

The Namibia Revenue Agency (Namra) is investigating 14 fishing companies for alleged tax evasion.

Despite being one of the top sectors contributing to the Namibian economy over the years, the fishing industry has been among the lowest contributors to the treasury, Namra spokesperson Steven Ndorokaze said yesterday.

He said fees paid to directors and other members are often going undeclared and therefore untaxed.

He said investigations are focusing on the sale of fishing quotas by…

Read the Full article on The Namibian

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