Administering government revenue from the extraction of non-renewable natural resources presents special difficulties but with the right skills and strategy, maximum gains can be generated. It’s crucial to build strong capacity, to optimize revenue streams from the extractive industry, which is significant in Africa. With ongoing exploration activities, it is important to ensure that staff in key operational roles are well-qualified and trained. After all, you can’t mine success without digging into talent.
Mandated to collect taxes, NamRA remains adamant and confident not to lose sovereignty by not taxing the companies involved in the extractive activities. NamRA is intentional about investing in its people to build sector focused capacity to respond to the taxing and administrative needs of the of extractive industry in Namibia.
NamRA is committed to ensuring that the Namibian government and its people benefit from the natural resources through a taxation-royalty fiscal regime with direct state participation, while also providing a fair return to the investors. It should be a win-win situation.
Download the Tax Cafe issue #8 to read more....
NamRA Tax Cafe - Preparedness for taxing the Extractive Sector