Commissioner Sam Shivute

Fishing sector only accounts for 12% of tax revenue

Fishing sector only accounts for 12% of tax revenue

Martin Endjala The Namibia Revenue Agency has expressed its concern towards the fishing industry, following alarming statistics that indicate that the sector only contributes 12 percent of tax revenue compared to other industries. Currently, the Mining sector contributes 22 percent of tax revenue, with Debmarine amongst the top ten contributors with three billion Namibian Dollars, followed by B2Gold and Namdeb. The three The Fishing sector is regarded as one of Namibia’s largest industries in terms of generated GDP for the country, however, NamRa’s Commissioner Sam Shivute said he is concerned about the manner in which the industry is currently operating…
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