Taxpayers have once again been urged to take advantage of the Tax Amnesty Program and file their taxes.

Through the Tax Amnesty program announced on the 1st of April, the Ministry of Finance agreed to waive 100% of the interest and penalties on taxes owed to the taxman.

Taxpayers and clients owe the state more than N$60 billion.

The Namibia Revenue Agency (NamRA) says that from that amount, the capital debt amount accounts for only N$15 billion, while the rest is from interest and penalties.

If the Tax Amnesty program is followed, more than N$50 billion could be written off.

Taxpayers and clients also have the option to make payment arrangements to settle their debt.

But the taxman promises to implement compliance strategies should payment arrangements not be honored.

The Tax Amnesty Program will run until the end of October 2024.