Tax refund scam stands at N$833 million
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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.