Stamp Duty

Stamp duty is the tax placed on legal documents, usually in the transfer of assets or property

Legal Instruments subject to stamp duty

These legal instruments subjec to to stamp duty include:

  1. Antenuptial or postnuptial contract;
  2. High purchase agreement;
  3. Lease agreement;
  4. Mortgage bond; and
  5. Power of Attorney

For a full list see schedule 1 to the Stamp duty Act

Exempt instruments include:

 

  1. If the duty would be payable by the Government, regional council, municipal council or town council;
  2. Instruments in connection with criminal proceedings;
  3. Instruments on behalf of charitable or educational institutions of a public character which is exempt from income tax.

For a full list see section 4 of the Stamp Duty Act

Stamp Duty Rates on Transfer Deed

Transfer Duty Rates

Applicable to natural persons:

Amount (NAD) Rate
0 to 600,000 Exempt
Above 600,000 but not more than 1,000,000 1% of the value above 600,000
Above 1,000,000 but more than 2,000,000 4 000 plus 5% of the value above 1,000,000
Above 2 000 000 54,000 plus 8% of the value above 2,000, 000

All other persons, not natural persons, pay transfer duty at a rate of 12%

Stamp Duties Act 15 of 1993

To consolidate and adjust the law relating to stamp duties.

Stamp Duties Act 15 of 1993

Stamp Duty Regulations

Regulations concerning the Demonetization and Withdrawal of a Particular Issue of Stamps

Stamp Duty Regulations

Related Tax Categories

Companies & Close Corporations

Companies and Close Corporations are required to pay tax on the profit earned and submit annual financial statements. Companies that do not trade in mining activities are taxed at a flat rate of 32%. Companies are required to make two provisional pay


Mining Companies

Income derived from mining operations is taxed in terms of the same rules as all the other taxpayers except in respect of capital expenditure (exploration and development expenditure) and the tax rates. The capital expenditure of a mine to be deducte


Trusts

Section 1 of the Income Tax Act specifically includes trusts in the definition of a "person". Trusts are therefore taxed according to the same tax rates and principles that apply to individuals. By way of arrangement the founder of


State-owned Enterprises

As per Section 16(1)(a) of the Income Tax ACt, revenues earned by the Government of Namibia or any other state shall be exempt from tax. However, not all state-owned enterprises are exempt from paying tax. Specific income tax principles should be co


Joint Venture & Partnership

A joint venture involves two or more companies joining together in business, whereas in partnership, it is individuals who join together for a combined venture. For the purpose of the Income Tax Act a partnership is not recognised as a "pers


Frequently Asked Questions

What is Gross Income?

What is the difference between tax avoidance and tax evasion?

What is Value-Added Tax?

Who is classified as a taxpayer representative?

Continue Reading

Income Tax

Namibia has adopted a Self-Assessment System. Under this system all taxpayers are required to compute their taxable income and file tax returns by the due date on an annual basis. Income received from selling farm animals and game, leasing land for g


Employee Tax

An employer is any person who pays an amount by way of remuneration to an employee. Each person who becomes an employer is required to apply to Inland Revenue Department for registration as an employer within 14 days of becoming an employer. An empl


Value Added Tax (VAT)

VAT is levied at the standard rate of 15% on the supply of most goods and services and on the importation of goods. It is mandatory for a person who carries on a business with an annual taxable turnover above N$500,000 to apply for VAT registration.


Withholding Tax

The Withholding of Tax is a tax charged on interest paid by any person to or for the benefit of a foreign person (which includes individuals, companies, etc) from a source within Namibia. The foreign person is responsible for the tax, but it must be


Transfer Duty

Levied on the value of any property acquired by any person and payable within 6 months of the acquisition date. Acquisitions Exempt from Transfer Duty include: Property by the state, local authority, educational institution of a public character;


Tax Types

Tax, from the Latin taxo, is a compulsory financial charge or some other type of ley imposed upon a taxpayer (an individual or legal entity) by Namibia. This section looks at the various tax types relevant to Namibia: Income Tax Income tax is a ta