News FlashesJuly 10, 2020CRS News Flash 3 July 2020 – NAMIBIA – VET Levy Payment Holiday

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JULY 2020 – NAMIBIA

VET LEVY PAYMENT HOLIDAY

It is important that employers note the following:

Namibia Payment of Vocational Education and Training (VET) Levy Postponed

On 18 June 2020, the National Training Authority (NTA) announced a two-month payment holiday on the VET levy as a further response to the visible adverse impact of the COVID-19 pandemic on the Namibian economy.

Employers will not be required to pay the VET levy for July and August 2020, i.e. the declaration and payment of June 2020 that would have been due on 20 July, and the declaration and payment of July 2020 that would have been due on/before 20 August 2020.

Despite the payment holiday, employers are still required to submit their payroll declarations (returns) for those two months.

Contact our legislation team at info@crs.co.za if you require any additional information.
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