By Hilary Mare
THROUGH Treasury’s country-wide tax compliance initiative, ‘Operation Sunrise’, 217 new tax-paying firms were registered and assessments to the value of N$50 million raised, Finance Minister, Calle Schlettwein said last week.
In this vein, 381 foreign-owned small and medium businesses trading in second hand car dealerships, cell phone, watches, clothing and accessories retails were visited during the country wide Operation.
“Let me use this opportunity to call on all potential taxpayers to approach the Receiver of Revenue in the various regions of the country who are not yet registered for tax purposes to do so. In the same vein, I call on all taxpayers to file their returns on time and to fully declare their income for tax purposes.
“The Ministry and the Receiver of Revenue will not relent in our efforts to achieve full compliance with the tax laws. We will enlist all information, including third-party information at our disposal in executing this obligation in an objective and non-discriminatory manner,” Schlettwein said.
In the bid to achieve greater equity and fairness in the administration of the tax system the Finance Ministry, of recent, embarked on different initiatives such as lifestyle audits, auditing of multinational companies including mining and fishing companies aimed at ensuring tax compliance of all individuals, businesses, companies, close corporation, partnerships and other entities.
“These initiatives are being undertaken for all registered and non-registered persons irrespective of their nationality and background. We shall not relent on this front. Non-registration does not protect anyone from tax obligations and it is an offense in terms of tax laws. Such efforts have yielded positive results, with additional revenue and more taxpayers being brought into the tax net. These initiatives include a dedicated quarterly field compliance Operation Sunrise, targeting non-compliant entities and individuals,” extended Schlettwein.
Affirming this, Schlettwein further highlighted that the obligation to pay tax and the collection of taxes are set out in the tax law as to who is liable to pay tax, when, where and what amount
“It is inconceivable and a fragrant violation of tax laws to expect a tax system which is fair and equitable to exempt certain individuals earning the same income as others who are taxed on the bases of an industry or sector of the economy in which they operate. The fundamental basis of taxation is levels of income and the tax law defines those levels of taxable income.
“We urge all taxable income earners to embrace corporate citizenship and muster tax morality to comply with tax laws. We should effectively address the free-rider problem whereby persons who should pay tax evade and avoid paying tax but proceed to make use of public services such as roads, schools and hospitals paid for by other persons earning the same income as themselves,” said Schlettwein.
Confidente. Lifting the Lid. Copyright © 2015