BIPA might write off N$275m in penalties

BIPA might write off N$275m in penalties

BIPA might write off N$275m in penalties

Martin Endjala According to the Business Intellectual Property Authority’s records, non-compliant businesses have collectively accumulated a total of an estimated N$275 million in penalties for the period from 2012 to 2022. This is the sum that could potentially be waived if all non-compliant registered businesses opt to participate in BIPA’s annual duty penalty programme launched recently. The programme is set to come into effect from 15 November 2023 until 31 March 2024. BIPA Chief Executive Officer Vivienne Katjiuongua, made the announcement yesterday, saying the initiative aims to alleviate the financial burden on business entities by waiving penalties and additional fees…
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