NTA reminds eligible employers to pay VET levy
14 Nov 2018 17:20pm
WINDHOEK, 14 NOV (NAMPA) Namibia Training Authority Chief Executive Officer Jerry Beukes has reminded all eligible local employers to register to pay the Vocational Education and Training (VET) levy.
Speaking at a media briefing here on Wednesday, Beukes reiterated that employers with an annual payroll of at least N.dollars 1 million are required to register to pay the levy.
The media briefing was held to give stakeholders a quarterly update on the programme, with Beukes saying it was done in the interest of transparency.
As a responsible public enterprise, the NTA is obliged to share such information with the stakeholders on a regular basis, he said, adding that it is essential to show where the organisation is at the moment and where it is heading as far as the levy programme is concerned.
Beukes said in terms of registration for payment, during the second quarter there was fortunately no deregistration.
The amount of applicants decreased from 144 employers in the first quarter to only 33 the second quarter. This is understandable due to the downfall in the economy, he said.
Cabinet approved the imposing of the VET Levy on employers in compliance with Section 35 to 43 of the Vocational Education and Training Act on 20 November 2012.
The registration process started on 01 April 2014.
The VET levy requires affected employers to make a monthly contribution to the NTAs National Training Fund (NTF), which applies such funds towards upskilling and training Namibians in key national priority training and occupation areas.