Namibia Revenue Agency’s Regional Manager of the Erongo Region, Patrick Tongo, has indicated that through engagement with the green hydrogen (GH2) and derivatives sector, certain equipment and plant components for the sector can be considered for tax exemptions.
Tongo spoke at the CIF Industry Decarbonisation Programme Stakeholder Engagement Meeting held in Walvis Bay this week.
He said from a customs and excise perspective, particularly regarding imports and exports and related infrastructure, they have “already engaged on matters such as tax incentives.”
He added that through engagements, the GH2 sector and the revenue agency can find common ground, especially through the legal department.
Certain equipment and plant components imported for GH2 projects may be eligible for exemptions to offset some duties and taxes as required.
“We are not here as a deterrent,” Tongo narrated, adding that the agency’s mandate is to collect revenue on behalf of the State, while at the same time enabling the State to drive its developmental agenda.
This includes the creation of new industries, the construction of roads, hospitals, and other critical infrastructure.
