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[QUOTE="Queen, post: 86836, member: 27"]
A staggering N$90 billion tax tab is hanging over Namibia, and the government is betting hard on an amnesty deal to claw it back before things get uglier.

Namra stares down N$90 billion debt
[LIST]
[*]Namibia Revenue Agency says taxpayers owe N$90 billion.
[*]Steven Ndorokaze labeled the pileup as historic.
[*]Between N$17 billion and N$18 billion is pure capital tax.
[*]The remaining balance stacks up from interest and penalties.
[/LIST]
Tax amnesty as the big recovery bet
[LIST]
[*]Introduced in 2023, the amnesty runs until October.
[*]The scheme wipes out interest and penalties if the capital gets settled.
[*]Ndorokaze said nearly N$3 billion was recovered last year.
[*]Officials hope to recoup N$17 billion to N$18 billion through it.
[/LIST]
Collection targets keep getting crushed
[LIST]
[*]From 2021 to 2022, Namibia Revenue Agency aimed for N$49.5 billion.
[*]That cycle closed at N$52.9 billion, beating the target.
[*]Last financial year targeted roughly N$81 billion.
[*]Revenue hit N$88.6 billion, clearing the bar again.
[/LIST]
Revenue growth trend over four years
[LIST]
[*]The agency reported a 67 percent cumulative collection jump.
[*]Performance moved from 40 percent to 80 percent.
[*]Ndorokaze framed the climb as steady upward momentum.
[*]Zero balance remains the stated goal, even if unlikely.
[/LIST]
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