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.
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 ...
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compared to South Africa, a bit like "back to the future" in that the Trust Monies Protection Act of 1934, which was repealed in South Africa in 1989, is still applicable in Namibia.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 …
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 ...
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.
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)
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 …
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.
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.
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 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 ...
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 ...
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 ...
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.
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.
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