BoN and NamRA launch trade verification system

BoN and NamRA launch trade verification system

BoN and NamRA launch trade verification system

Stefanus Nashama The Namibia Revenue Agency (NamRA) and the Bank of Namibia (BoN) have jointly unveiled a new Trade Verification System (TVS) to ensure that trade activities are conducted legitimately and in full compliance with Namibia's international trade obligations. The new system is designed to oversee the nation's trade relations with the rest of the world, ensuring alignment with national laws under the auspices of NamRA and BoN. Deputy Minister of Finance and Public Enterprises, Maureen Hinda-Mbuende, speaking at the launch, said that the TVS establishes a secure and efficient framework for international business transactions. She noted that the system…
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