Namibia is pushing through with the introduction of the environment levies meant to push the country towards a green economy and sustainable exploitation of its natural resources, the latest Environmental Investment Fund (EIF) report shows.
The introduction of environmental levies follows a raft of measures being implemented by the Namibia government to improve tax collection, increase benefits of the exploitation of natural resources to the population as well as preserving the environment.
The EIF argued that environment levies will also reduce the tax burdens off the traditional tax payer and make sure Namibia sustainably manages its environment while making reasonable revenue out of them.
The introduction of environmental levies is an important strategic focus in line with the country’s fifth national developmental plan implementation.
EIF, a government-owned agency, also said the environmental levies will be ploughed into national waste management and recycling, biodiversity and ecosystem management and the reduction of carbon emission to the atmosphere by industry and automobiles. Enditem