Tag: N833

Home N833
Namra investigates tax fraud involving N$833 million
Post

Namra investigates tax fraud involving N$833 million

The Namibia Revenue Agency (Namra) is investigating tax refund scams amounting to N$833 million. The total refund amount under scrutiny has seen a substantial increase since the investigations commenced in March 2022, skyrocketing from an initial sum of N$15 million to N$833 million. Investigations into tax refund scams have implicated a total of 1 168...

Tax refund scam stands at N$833 million
Post

Tax refund scam stands at N$833 million

The amount of a tax refund scam that was uncovered last year now stands at N$833 million. The Namibian Revenue Agency (NamRA) says the network of tax evasion involves 1,168 taxpayers across 84 institutions. In a media statement, NamRA reports that as of the 18th of July, the investigation had brought to light an astounding...

A total of 1 168 taxpayers have been implicated in a refund scam as the embezzled amount increases to N$833 million
Post

A total of 1 168 taxpayers have been implicated in a refund scam as the embezzled amount increases to N$833 million

Business Reporter The Namibia Revenue Agency (NamRA) has announced significant progress in the investigation of the fraudulent income tax refund scam that began in March 2022. Steven Ndorokaze, Chief Communications Officer at NamRA, stated that as of 18 July 2023, investigations have implicated a total of 1 168 taxpayers employed at 84 institutions, including private...