Schedule 20: Namibian income not subject to taxation

Schedule 20 is required in the event that you received Namibian income not subject to taxation.

Income

• Receipts and accruals of a capital nature;
• Dividends on Spec Tax-free Indef Period (Namibian) Building Society Shares;
• Dividends on Subscription (Namibian) Building Society shares;
• Interest received on Namibian Government Bonds / Treasury Bills;
• Other income (excluding dividends);
• Lump sums from Pension, Provident, and Preservation & Retirement Annuity Funds paid as a result of superannuation, ill health or other infirmity, death or retirement.

Expenses

• Expenses incurred in earning dividends on subscriptions (Namibian) Building Society shares;
• Expenses incurred in earning other income;
• Exemption amount of lump sum from Pension, Provident, and Preservation & Retirement Annuity Funds paid as a result of superannuation, ill health or other infirmity, death or retirement.

Notes

1. Receipts and accruals of capital nature. Please supply a list with amounts per type of receipt or accrual.
    
2. Lump sums received from Provident or Provident Preservation funds due to ill health, death or retirement:
   1. Only 1/3 of a lump sum for such a fund is not subject to taxation and to be reflected on Schedule 20.
   2. The remaining 2/3 must be declared in Section 13.