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Trade Ministry to waive N$275 million in penalties 

Breadcrumb

The Minister of Industrialization and Trade, Lucia Iipumbu, has introduced a relief programme to waive a staggering N$275 million in penalties accumulated by non-compliant businesses from 2012 to 2022.

The announcement comes after thorough consultations with key stakeholders, including the Office of the Attorney General and the Ministry of Finance and Public Enterprises.

The Bipa Annual Duty Penalty Waiver Programme aligns with the guidelines laid out in the Business and Intellectual Property Authority Act number 8 of 2016 and has received the nod from Cabinet.