By: Dwight Links
Between 2020 and 2023, it was found that Namibia failed to adequately collect taxes from gold mining in line with its production.
This is according to the Office of the Auditor-General (OAG) through a recent performance report, which found that the Ministry of Mines’ Directorate of Mines and the Namibia Revenue Agency (NamRA) did not sufficiently collect taxes from gold mines in the country.
“The Ministry, through the Directorate of Mines, and NamRA have not fully fulfilled their responsibilities in collecting revenue from gold mining operations, revealing significant weaknesses in key areas for effective oversight and revenue recovery,” states the OAG.
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