The amount of a tax refund scam that was uncovered last year now stands at N$833 million.

The Namibian Revenue Agency (NamRA) says the network of tax evasion involves 1,168 taxpayers across 84 institutions.

In a media statement, NamRA reports that as of the 18th of July, the investigation had brought to light an astounding total amount of N$833 million, a staggering increase from the initial N$15 million reported in March last year and N$136 million in January.

The scam includes companies, government offices, ministries, agencies, and public institutions.

Investigations into fraudulent income tax refunds emerged in March 2020.

N$19.9 million has thus far been successfully retrieved through intensive recovery interventions.

To hold those involved accountable, NamRA has issued 322 demand letters and 302 notices to agents, as per Section 91 of the Income Tax Act, 1981, amounting to N$55 million.

Moreover, the investigation has led to the registration of 56 criminal cases with the police.

While progress is underway, only five suspects have been arrested and charged thus far.

NamRA is, however, hopeful that more suspects will be apprehended in the coming weeks as the investigation unfolds.

In light of these revelations, Yarukeekuro Ndorokaze, NamRA's Chief Strategic Communications and Support Engagements Officer, reaffirmed the agency's unwavering commitment to enforcing revenue laws and combating any form of tax malpractice.

Ndorokaze reiterates that fiscal accountability and compliance with the law will be strictly enforced.