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:
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
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
Goods which are intended to be imported for use or consumption within the Customs territory must be declared for home use. They may be declared for home use either directly on importation or after another Customs procedure such as warehous
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
Exportation is the Customs procedure applicable to goods which leave the Customs territory and are intended to remain permanently/temporarily outside, for specific reasons. The legislation dealing with exports can be found in the following sections o
Income received from selling farm animals and game, leasing land for grazing and agricultural products is taxable. A farmer will also be taxed on the livestock or produce that has been donated or consumed. Each farmer is required to indicate the num
The role of Customs and Excise is to control the importation and exportation of goods entering and leaving the Country. The importation and exportation of certain goods are prohibited or restricted. The aim of prohibitions and restrictions is the pr
For tax purposes, all income earned from any business activities carried out in Namibia is taxable. This income is regarded as ordinary income for tax purposes. Hair Salon: Whether the salon is operated from city centre, town, informal m
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
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
The removal of goods to the hall, or any other premises for the purpose of examination, opening, unpacking, repacking and subsequent removal shall be performed at the risk of the importer. The importer, exporter, manufacturer or owner of any goods,
Any person earning taxable income in excess of N$ 50,000 per annum that is not received in the form of remuneration is required to register as a provisional taxpayer. Any directors of a private company (including members of close corporations) are a
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
Where the attendance of an officer is required on Saturdays, Sundays or public holidays, or any time not covered by hours of services in below, the person requiring such attendance apply to the Controller on form 73 and guarantee payment of the charg
The DRI scheme is administered by the Directorate of Customs and Excise, which has dual responsibilities. First, it is required to promote manufacturing and export trade. Second, it must ensure that the DRI scheme is not abused. &n
This is a customs procedure which provides for the refund of import duties and taxes when goods are exported, or used for specific purposes. The Chief Accountant, Section Revenue Control is responsible for the overall management of the refund proc
Goods which are imported and qualify for rebate of duty may be entered for home consumption under Schedule No. 3 and Schedule No. 4. of the Act. Schedule No.3. comprising of Industrial Rebates and Schedule No. 4, comprising of General Reba
The Permanent Secretary may in terms of Section 6(1) (c) of the Act appoint places as warehousing places where customs and excise warehouses may be established. Section19 (1) of the Act permits the Commissioner by rule to license any Custo
This chapter concerns the production, warehousing and movement of excise goods within Namibia. The excise goods are Mineral Oils, Alcohol and Alcoholic Beverages (including Beer) and Manufactured Tobacco as defined in the Customs and Excise Act, 1998
A Zone provides a site where operations involving foreign and domestic merchandise can take place which otherwise might have been done abroad for tariff and trade reasons. Export Processing Zones (EPZ) are governed by an Act of Parliament, Export Pro
If a person removing goods in bond has a Customs and Excise Bond, CE 110, a provisional payment or special bond will be demanded when the bond amount is clearly inadequate to cover the potential liability to the Government of the proposed activity. I
ATA (admission temporaire/temporary admission) Carnets and Carnets De Passages En Douane (CPD) are issued by Chambers of Commerce in various nations and are internationally recognized and accepted in lieu of normal customs documents to allow the temp
The main purpose of bonds is to cover for potential duties and taxes. Security is generally given in the form of a bond. Only insurance companies or registered banking institutions may be accepted as sureties to bonds. Head Office should be consulted
RSA Register In order to ensure uniformity, a Register of licensees and registrants is compiled by the South Africa Revenue Service (Customs and Excise). All licensees and registrants in the Common Customs Area are shown in the Register, except Lice
Customs and Excise Officers must on regular basis deal with situations where detentions, seizure and forfeiture are necessary. Some doubts may exist as to when Customs and Excise Officers must detain, seize, or impose forfeiture on goods deemed illeg
Penalties imposed in terms of the Act are done so in accordance with sections thereof, commonly termed the penal provisions (Sections 88 to 106). Penalties may be imposed as follows; Commissioner Customs and Excise amounts from
Automated System for Customs Data (ASYCUDA) is an integrated customs management system for international trade and transport operations in a modern automated environment. ASYCUDAWorld is an advanced software application that is designed and
Proposed Rules for the Licensing of Clearing Agents Public Notice - Licensing of New and Existing Clearing Agents Send your comments to ClearingAgents@namra.org.na
Application Forms Request of Advance Ruling for Classification: Form A Request of Advance Ruling for Customs Valuation: Form B Request of Advance Ruling for Origin: Form C
NamRA Online Tariff All import and export commercial transactions require commodities or products on Customs Declarations to be classified according to an appropriate Customs Tariff Code. The tariff code is directly linked to the rate of duty payabl
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 is a surety bond?
What does NAMSAD mean?
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