The Minister of Finance, Ericah Shafudah, says not all landlords are subject to paying tax, and just as with individuals, taxation depends on their income per year.

She was responding to National Democratic Party's (NDP) leader Martin Lukato, who questioned whether there are any legal provisions that exempt landlords from paying tax.

The minister explained that for individual taxpayers, taxable income is considered to be any amount exceeding a hundred thousand dollars.

As a result, if a landlord's income remains below this threshold, they will not be subject to any taxable income.

"A property generates a rental income of N$2,500 per month; this would amount to, say, N$30,000 per year, which is below the taxable limit. Then if you don't have any other income, then that will not be subject to taxation."

The minister pointed out that it is important for all taxpayers to affirm the accuracy and truthfulness of their tax returns at the time of submission, saying an incorrect declaration may result in potential legal consequences.

She further stated that the Namibia Revenue Agency (NAMRA) regularly conducts audits of individual tax returns to ensure that they are complete and accurate.

"We strive to balance our resources by employing a risk-based audit approach. Our commitment remains strong in collecting all taxes that are rightly owed to the state. Taxes represent a debt to the state. In fact, the state is considered a secured creditor; even in cases of insolvency, where the taxpayers' debt comes first, you pay what is owed to the state," emphasised Shafudah.