Concise Guide to Tax in Namibia 12th Ed
A concise commentary on Namibian tax and vat acts and includes extracts of relevant legislation. Available in December 2024.
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Product description
A concise commentary on Namibian tax and vat acts and includes extracts of relevant legislation. Available in December 2024.
Concise Guide to Tax in Namibia is a practical guide to the complex field of tax law and practice. It provides a detailed explanation of Namibian income tax and VAT, as well as an outline on stamp duties and the transfer duty system. It enables you to accurately calculate the taxes you or your company have to pay, ensure you claim all allowances and rebates, discover which income is tax-free and what expenses are deductible. Extracts from the Acts are kept to a minimum but cross-referenced in footnotes for those who wish to locate the actual provisions in the legislation.
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Table of contents
Part 1 - Income Tax
Overview of Namibian income tax principles
Taxation of individuals
Taxation of companies
Taxable income from trade
Special provisions affecting non-residents
Dividends
Taxation of mining operations including oil and gas extraction
Disposal of assets, mining business and mining rights
Taxation of farming operations
Taxation of insurance business
Miscellaneous
Administration, returns and assessments, payment and recovery of tax, PAYE, objection and appeal, social security
Part 2 - Value-Added Tax
Outline of VAT – Registration
Taxable supplies: Output VAT
Importation of goods and services
Timing and valuation
Exports and zero-rating
Input tax credit and tax invoices
Exempt supplies
The VAT return
Particular organisations, transactions and events
Transitional rules and ticketing
Change in rate
Miscellaneous administrative matters
Supplies and imports subject to 30% tax rate
Part 3 - Other Taxes
Transfer duty on fixed property including mineral rights
Stamp duties
