The system will be set up together with the Namibia Revenue Agency (NamRA) during the coming financial year (1 April 2024 until 31 March 2025) and will integrate cash registers at businesses with the Integrated Tax Administration System (ITAS).
The proclaimed goal of this initiative is to digitize the country further and to allow for a more efficient collection and monitoring of VAT tax data. It is expected to reduce the administrative burden, lower compliance costs, and minimize VAT frau…