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New Era Newspaper Friday December 8, 2017

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16 ADVERT Friday, December 8 2017 | NEW ERA Official Weekly Communique of the University of Namibia - Volume 41 BERN UNIVERSITY HOSPITAL TO ASSIST IN CLINICAL TRAINING A pulmonologist, pulmonary or disease specialist, is a physician who possesses specialised knowledge and skill in the diagnosis and treatment of pulmonary (lung) conditions and diseases. Pulmonology is classified as an internal medicine subspecialty. It is these specialists in pulmonology from the Department of Pulmonology, Bern University Hospital and University of Bern, Switzerland, that will as of 2018 provide assistance in the training of undergraduate and postgraduate students at the University of Namibia for a period of six (6) months. The two institutions of higher education have recently entered into a Memorandum of Understanding (MoU) for the purpose of setting forth their mutual understanding and agreement with respect to possible collaborative projects and activities in fields of teaching and research, especially in medicine. The two Universities believe that it is in their interest to encourage direct contact and cooperation between their faculty members, departments, institutes and other research centres. A relation that was facilitated handin-hand with the Welwitschia Hospital in Walvis Bay, that opened three years ago the first lung clinic in Namibia with specialists from Bern University Hospital, will also benefit students in ‘lung function’ tarining. The Namibianborn Swiss Pulmonologist, Professor Christophe von Garnier, representing Bern University Hospital, said: “To support the established lung clinic at Welwitschia Hospital, as well as the public sector, more and more specialist in the field are needed, thus making locally trained specialists in pulmonology a great initiative.” At the signing ceremony, UNAM Vice Chancellor, Professor Lazarus Hangula, said: “I commend the work that Bern University Hospital has done in Namibia, in the area of pulmonology. I am pleased by the partnership, and we look forward to working closely with you.” The agreement also covers grant applications, staff and students exchange as well as common short courses and workshops in related topics. LONG SERVICE EMPLOYEES RECOGNISED FOR LOYALTY Professor Christophe von Garnier and Professor Lazarus Hangula shake hands after signing the MoU. SOUTHERN CAMPUS LAUNCHES INNOVATION HUB The University of Namibia yet again recognised its long serving employees during its 12th Annual Long Service Awards, held recently at the University’s Main Campus in Windhoek. The Vice-Chancellor of the University of Namibia, Professor Lazarus Hangula, gave an inspiring message during the awards. Professor Hangula said that UNAM recognises its employees as its precious resources, and that he was delighted by the great achievement of the employees. “We are working hard to grow and develop the university and the employees’ diversity,” he said. The Long Service Awards were introduced 12 years ago, to honour and recognise the University’s employees, who have given great service to the institution for more than 10 years. One of the longest serving employees of UNAM, Professor Christo Botha, of the Faculty of Humanities and Social Sciences, proudly stated that he was grateful for the opportunity to work for the University of Namibia for 35 years. “To have been in an academic position is a privileged position to be in, and it means acquisition and tolerance,” said Professor Botha. Employees serving for 25 years and above are believed to be the founders of the University of Namibia. This year’s event did not have a slogan, but Director of Ceremonies, Mr Evaristus Evaristus, humorously gave his own slogan for the event, ‘Always treat your employees as you want them to treat your customers’. The categories for the Long Service Awards were: 10 years, 15 years, 20 years, 25 years, 30 year and 35 years of loyalty and dedication to the University. The University of Namibia Southern Campus launched the much anticipated //Kharas Innovation Hub (KIH) at a recently held International Symposium in Keetmanshoop. The Hub’s key objectives are to stimulate and advance entrepreneurial culture, create an enabling environment for startups and accelerate enterprise development in new and exciting value chains, which can create jobs for Namibians, especially women and youth. Delivering his keynote address, Mr Martin Inkumbi, Chief Executive Officer at the Development Bank of Namibia (DBN), said: “DBN funds projects with a high degree of development impact, social entrepreneurship and transformation of previously disadvantaged Namibians.” He added that: “The areas we seek to make an impact are manufacturing, transport and logistics, and tourism.” Also speaking at the event, Southern Campus Assistant Pro-Vice Chancellor, Dr Erold Naomab, said the objective of the symposium is to share ideas on how to sustain innovation. “Innovation should be about the enhancement of humanity. I believe that with innovation we would like to see an improvement in quality and standards of living of our citizens,” he said. The Symposium forms part of a cooperation agreement between the University of Namibia and Leibniz Institute of New Materials (INM) in Germany supported by BMZ-GIZ. It hosted, among local stakeholders, delegations from Botswana, Germany and Tanzania.

NEW ERA Page 18 IMF warns on brewing Page 18 INSIDE BUSINESS This news is your business Why Namibia can never be a tax haven Windhoek Listing Namibia as a tax haven is fundamentally wrong because the country’s tax system “is not based on individual residency but where the income arises”, said the Minister of Finance Calle Schlettwein. As a country with a small open economy, Namibia has a tax system based on the principles of equality and fairness and expects all taxpayers, individual or corporate, to comply with the relevant tax legislation. Schlettwein was responding to the decision by the European Union to list Namibia among the ‘17 noncooperative tax jurisdictions’, a blacklist that has publicly shamed 17 countries “for failing to meet agreed tax good governance standards”. Namibia has a source-based tax system, which means that residents and non-residents earning Namibian-sourced income are subject to income tax. The minister pointed out that the Bank in and out of Namibia. “Before cash is introduced or leaves Namibia, the Bank of Namibia approves the application to move funds. The regulation, therefore, is made aware of the purpose of the cash movement is legitimate,” he said. Namibia has 11 double taxation agreements, including several European countries, namely Germany, the United Kingdom, France and Romania. Other EU member states have approached Namibia to conclude such tax cooperation arrangements including Spain, Portugal, the Netherlands and Sweden. Namibia’s anger with the listing follows the EU announcement that 17 countries on the blacklist, including Namibia, are those whose tax regimes were deemed unable or unwilling to effectively control taxes and allow illicit the listing says that the 17 states such as Namibia are those that have harmful tax regimes that go against the principles of the EU code of conduct on harmful tax practices. Furthermore, they either have not implemented or did not commit to implement the OECD minimum standards. In addition, the countries are not transparent in the tax regimes, and the EU requires that country comply with international standards on automatic exchange of information and information exchange on request, the EU alleges. Schlettwein contends that Namibia meets all those requirements. The Namibian tax legal framework contains anti-avoidance rules on transfer pricing and thin capitalisation. Transfer pricing rules apply when transactions between related parties are found not to have been done on an arms-length basis, while thin capitalisation rules apply where interest is paid on foreign loans. Currently, the 3:1 debt to equity ratio is used for tax purposes, which is also the ratio prescribed by Bank of Namibia. The tax laws allow the tax authority to reassess a taxpayer’s liability when a transaction or scheme has been found not to be arm’s length, or is designed to avoid or evade a tax liability. “This legislation should address any concern on base erosion and profit shifting that may exist. Withholding tax applies where interest is paid to a foreign company or fees for services are paid to a foreign individual or business,” said Schlettwein. Furthermore, Namibia is a member of the Southern African Customs Union (SACU) and common external tariffs are applied on imports from outside SACU. are levied on traditional excisable products including fuel, jewellery, tobacco and liquor. The Customs and Excise Department in the Ministry of Finance control’s the imports, exports and manufacture of certain goods. “These laws and rules should be adhered to. Detection and interdiction of illicit activities, including cross-border movement of undeclared as well as underdeclared goods are done by the Customs and Excise Department in the Ministry of Finance,” he said. “Namibia is clearly, by any objective criteria, not a tax haven. In fact, Namibia is exposed to revealed in the recently published ‘Paradise Papers’. We had hoped that our trusted partners, including tax havens and curbing tax evasion and as we speak we have EU experts within the Ministry of Finance assisting us to improve our tax system,” said Schlettwein. WE WOULD LIKE TO HEAR FROM YOU Participate in our surveys and stand a chance to WIN a weekend away for two at any NWR Resort worth N$ 5000. Visit to participate.

New Era

New Era Newspaper Vol 22 No 167