06 Dec 2013 09:10am
ONGWEDIVA, 06 DEC (NAMPA) Finance Minister Saara Kuugongelwa-Amadhila says total tax revenue is envisaged to have increased from N.dollars 27.2 billion in the 2011/12 financial year to an estimated figure of N.dollars 37.6 billion in 2013/14.
Speaking at a briefing session attended by members of the northern branch of the Namibia Chamber of Commerce and Industry (NCCI) and senior officials of her ministry, Kuugongelwa-Amadhila said the tax revenue increase would be significant.
She indicated that the increase is primarily due to the faithfulness and cooperation shown by taxpayers in the country.
The importance of taxation in economic development cannot be overemphasised, especially for Namibia, where we are faced with the triple challenges of unemployment, poverty and income inequality, Kuugongelwa-Amadhila noted.
She explained that sufficient tax revenue allows the government to ensure that national challenges are addressed through budgetary allocations to economic and social sectors such as education, infrastructure development and health.
Kuugongelwa-Amadhila said the ability of a State to collect revenue from its citizens to finance the provision of public services is a key defining feature of any capable and independent State.
Countries which cannot fund themselves or repay their debts are at the mercy of donors, creditors and international organisations that often have their own agendas and self-interests, stated Kuugongelwa-Amadhila.
She urged Namibians to pay their taxes and avoid getting into situations where they will not be able to dictate their economic affairs independently.
The Finance Minister stressed that without State revenue collected from taxpayers, the State will not be able to function properly.
In her view, the sustainability of the governments developmental agenda can only be ensured if taxpayers honour their financial obligations to the State.
We encourage all taxpayers to honour their obligations, Kuugongelwa-Amadhila stated, adding that security, law and order, and other public services are all funded by the State from the revenue collected from its citizens and other taxpayers.
Addressing the same session, Oshana Regional Governor Clemens Kashuupulwa said Namibia has been experiencing growth in socio-economic development because of the significant contribution made by businesspeople and government employees to State coffers through the payment of taxes.
We have to pay tax in order to contribute to the development of our country. Tax contributions are important for the construction of more schools, hospitals and other national infrastructure, Kashuupulwa said.
Some important business personalities from various town in northern Namibia also attended the session.