news on namibian tax system

Namibia - World Bank

Namibia is a largely desert ranchland with a long coastline on the South Atlantic, bordering South Africa, Botswana, and Angola. The country's natural mineral riches and a tiny population of about 2.5 million (2016) have made it an upper-middle-income country. Political stability and sound economic management have helped anchor poverty reduction.

The transformation of tax - Business - Namibian Sun

Aug 05, 2020· The phasing out of cheques, being replaced by electronic funds transfers (EFTs) and cash payments, has resulted in a more favourable tax collection rate and lastly, the possible implementation of proposed tax amendments in future for the curbing any 'loopholes' within the tax system. As a developing country, Namibia has progressed well on ...

Namibia can still trust their trusts

Sep 09, 2015· The Namibian trust law is, compared to South Africa, a bit like "back to the future" in that the Trust Monies Protection Act of 1934, which was repealed in South Africa in 1989, is still applicable in Namibia. It is this relative uncomplicated system also in respect of the tax dispensation, which appeals to …

Namibia – UBI success and institutional failure | BIEN ...

Jul 14, 2020· Namibia – UBI success and institutional failure. 1. Namibia – country background. A South West African state with a troublesome colonial history, Namibia has a population of around 2,5 million people and is one of the least populated countries in Africa due to its extremely dry climate. The country is rich in natural resources like ...

Welcome - GRN Portal

1. Statement by His Excellency Dr Hage G. Geingob, President of the Republic of Namibia, at the opening of the 2021 Legal Year. 2021/02/10. 2. Statement by His Excellency Dr Hage G. Geingob, President of the Republic of Namibia at the Official Opening of …

Germany's Tax System: Developments and Competitiveness

Dec 17, 2019· Germany ranks 16 th on the Tax Foundation's 2019 International Tax Competitiveness Index, a study that measures and compares how well OECD countries promote sustainable economic growth and investment through competitive and neutral tax systems.With Germany having seen few major changes to its tax system over the last years, this ranking has been relatively stable.

International tax 102: Understanding the system - Namibian Sun

Apr 28, 2021· Anneri Lück, senior manager: corporate tax at PwC Namibia. Photo Contributed Anneri Lück - In my previous article dated 22 July 2020, I did an introduction on the four main topics why tax planning is important for your company when you are trading across multiple jurisdictions.

National Revenue Authority | Together, through our taxes ...

News and Events. Installed payment for Corporate Income tax and Trade/Profit tax should be paid: 1st Quarterly Installment: 15th of the third month (e.g. 15th March) 2nd Quarterly Installment: 15th of the sixth month (e.g. 15 June) 3rd Quarterly Installment: 15th of the ninth month (e.g. 15 September)

The transformation of tax - Business - Namibian Sun

Aug 05, 2020· The phasing out of cheques, being replaced by electronic funds transfers (EFTs) and cash payments, has resulted in a more favourable tax collection rate and lastly, the possible implementation of proposed tax amendments in future for the curbing any 'loopholes' within the tax system. As a developing country, Namibia …

Namibia's New Integrated Tax Administration System ...

The Namibian Ministry of Finance has launched a new integrated tax administration system (ITAS) replacing the previous system Taxlive. The new system is operational as from 17 January 2019 and allows taxpayers to submit requests and file their returns online 24/7.

Home - MOF - GRN Portal

ASYCUDA is a computerized customs management system which covers most foreign trade procedures. The CPBN is a procuring agent, that collaborate with the Public Entity to execute the procurement. Integrated Tax Administration System (ITAS) Portal to improve the efficiency and effectiveness in the Tax Administration.

Namibian Tax - BDO

Jun 20, 2016· Withholding Tax in Namibia. Section 35A of the Namibian Income Tax Act obliges Namibian taxpayers to withhold tax on invoices issued to foreign suppliers rendering services in Namibia and pay the... See all Article.

Tax First Newsletter - PwC

May 05, 2021· Tax First Newsletter - June 2021. Increasingly so, organisations have identified the need to uplift the communities they operate within, to bolster their image and create a sense of alignment in the purpose of their communities and their employees. This has led to corporate social responsibility becoming an ingrained value for many organisations.

- The Namibian

Nov 06, 2020· The tax platform contract was valued at N$180 million in 2014 to build a system and online platform for more than 767 500 taxpayers across the country. But the new system largely failed to …

Namibia moves to scrap preferential tax system - TVC News

Mar 09, 2018· Manufacturers in Namibia will no longer get special treatment of paying less tax as the policy will be reviewed to end the preferential tax system. In January, manufacturers pay 18% tax instead of 32% paid by everyone. This was disclosed by the finance minister, Calle Schlettwein during his budget speech in parliament.

ITAS for Namibia

ITAS is a digital system implemented to auto-mate Inland Revenue manual tax processes. ITAS provides free, convenient, simple and secure ways of interacting with IRD and with this deliver improved services and efficiencies in administering taxes. To experience maximum benefits of ITAS, taxpayers are encouraged to register as e-filers, through e ...

Namibia, Republic of - Corporate - Taxes on corporate income

Jan 14, 2021· Corporate - Taxes on corporate income. Last reviewed - 14 January 2021. Namibia has a source-based tax system, which means that income from a source within Namibia or deemed to be within Namibia will be subject to tax in Namibia, unless a specific exemption is available. Income earned by foreign companies from a source within or deemed to be ...

Namibia Economist | African Business News

Feb 06, 2010· Namibia bans the importation of live poultry and products from SA due to Avian Influenza outbreak – Measures to remain in place until further notice ... Wheel Tax – Were there v... Feb 21, 2020. GIPF calls for proof of enroll... Feb 20, 2020. ... Proliferation of fake news in ... Nov 13, 2018. Namibia in advanced stage of f... Nov 9, 2018 ...

Namibians divided about tax - Short News - Namibian Sun

Jan 27, 2020· Responses to a series of survey questions on taxation by Afrobarometer indicate that only about one-third of Namibians are unhappy about tax rates – but they are the ones who actually pay tax. The finance ministry said last year that Namibia had fewer than 800 000 registered taxpayers out of a population of 2.5 million.

The Namibian

Jun 25, 2021· NAMIBIA'S hockey community was still struggling to come to terms with the news that its president Marc Nel had passed away due to Covid-19 complications on Saturday. 2021-06 …

UPDATE: Aftershocks of Namibia 'Fishrot" Scandal · Fishing ...

Dec 16, 2019· UPDATE: Aftershocks of Namibia 'Fishrot" Scandal. Namibians have been shocked at the revelation of a huge corruption scandal in the commercial fishing industry. It is alleged some N$150 million was paid to several people at the expense of poor communities. The timing coincided with the country's elections on 27 November.