Namibia is preparing to implement a VAT electronic invoicing system, aligning with global trends. As part of the 2024-2025 budget statement, the Ministry of Finance and Public Enterprises, in collaboration with the Namibian Revenue Agency (NamRA), announced plans to explore a VAT e-invoicing system that will connect business cash registers with the Integrated Tax Administration System (ITAS).
This digitalization initiative is designed to enhance NamRA’s efficiency in collecting, analysing, and monitoring tax data, reduce administrative costs for businesses, and decrease VAT fraud.
Source Sovos
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