Erasmus Shalihaxwe
The Business and Intellectual Property Authority (BIPA) has extended the deadline for its Annual Duty Penalty Waiver Programme to 30 September.
Announcing the extension on Tuesday, BIPA’s acting chief executive officer, Ainna Kaundu, said the move is part of ongoing efforts to support local entrepreneurs and improve compliance across the business sector.
The waiver program allows registered entities that are in arrears with their annual duty payments to settle their obligations without incurring penalties or interest. Kaundu said the initiative offers businesses an opportunity to update their records, become compliant, and avoid the risk of deregistration.
“We continue to recognise the challenges that many businesses, especially SMEs, are facing. By extending the waiver program, we are providing essential relief for entrepreneurs, enabling them to achieve compliance and continue playing an active role in Namibia’s economy,” said Kaundu.
The waiver applies to all registered business entities and covers outstanding annual duty payments and late fees from the period 2012 to 2022.
BIPA is encouraging businesses to make use of the extension by visiting any of its offices, including those in Walvis Bay and Ongwediva.
“BIPA remains committed to fostering a supportive business environment and urges all non-compliant entities to utilise this extended waiver period to their benefit,” Kaundu said.
