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.
A person may choose to register for VAT if the annual taxable turnover does not exceed N$500,000 but exceeds N$200,000 but will not be registered if the Commissioner is satisfied that such a person:
A registered person must submit a VAT return on or before 25th day of the month following the end of the period.
Unless conditions in section 19(2) of the VAT Act are met, no amount may be claimed as input tax, if it was paid in respect of:
Every registered person who is liable for the payment of value added tax is required to maintain accounting records in the English language at the place of business in Namibia.
A registered person is required to issue a tax invoice which contains particulars such as: the words “tax invoice”, name and address and VAT number, name and address of recipient; description of goods and total amount exclusive of VAT, the VAT charged and total amount inclusive of VAT.
For a full list please download Schedule VI of the Value-Added Tax Act 10 of 2000Schedule VI of the Value-Added Tax Act 10 of 2000
Any person who is dissatisfied with an appealable decision may lodge an objection with the Commissioner within 90 days after the date of issue of the notice of assessment.
An application for VAT registration should be accompanied by:
A registered person must submit a VAT return on or before 25th day of the month following the end of the period.Return for Value Added Tax
|Late Submission||N$ 100 per day||None|
To provide for the imposition and collection of value-added tax and to provide for matters incidental thereto.Value-Added Tax Act 10 of 2000
VAT is payable on any imported service by the person importing the service into Namibia after 27 November 2000. An imported service is a supply of a service by a non-resident person to a non-registered Namibian resident, or one who makes exempt supplies.
If a registered person imports a service to make taxable supplies, this is regarded as an exempt import. A service is imported into Namibia the earlier of:
The standard rate of 15% must be applied to determine the amount payable.
As per Value Added Tax amendment Act 12 of 2015, Section 1 states:
Any person who earns a salary of more than N$ 50,000 per annum should register as a taxpayer and submit the proof of registration to their employer. An amount contributed to an approved pension or provident fund as a con
NamRA Section 102 Rewards Policy
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What is a Cargo Manifest?
What is Gross Income?
What is Value-Added Tax?
What is ASYCUDA?
What is the Export Processing Zone (EPZ)?
Who is classified as a taxpayer representative?
What is the Inspection Act?
What does re-importation in the same state mean?
What is the ATA Carnet?
What are Export Processing Zone Enterprises and Certificates?
What does NAMSAD mean?
What is a surety bond?
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