Transfer Pricing in Namibia: An Overview Transfer pricing in Namibia refers to the setting, analysis, documentation, and adjustment of cross-border charges between related parties for goods, services, or the use of property, including intangible property. In Namibia, the Namibia Revenue Authority (NAMRA) oversees transfer pricing regulations, which aim to ensure fair pricing of cross-border transactions…
NamRA Application Form for Credit Facility – Statement Generation The NamRA Application Form for Credit Facility is an important document required by companies seeking to establish a credit account with the Namibia Revenue Agency (NamRA). This NamRA Application Form for Credit Facility enables companies to apply for a credit facility and provides essential information for…
Understanding the NamRA Exemption of Duties and Taxes ASYCUDA World Registration Form Form Name: NamRA Exemption of Duties and Taxes ASYCUDA World Registration Form The Namibian Revenue Agency (NamRA) has implemented a streamlined registration process for individuals and companies seeking exemptions on import duties and taxes. The registration is done through the ASYCUDA World system,…
Understanding Value Added Tax in Namibia This article aims to provide an in-depth understanding of VAT in Namibia, including who should register for VAT (Value Added Tax in Namibia), administrative requirements, tax invoices, non-compliance penalties, and more. Value Added Tax (VAT) is a consumption tax that is imposed on the supply of goods and services,…
NamRA Business Tax in Namibia In Namibia, businesses and organizations are subject to taxation based on their legal classification. The Namibian Revenue Agency (NamRA) imposes different tax requirements for various types of entities. This article will provide a comprehensive overview of the business tax regulations in Namibia and the specific requirements for each category. NamRA…
Individual Tax in Namibia In this comprehensive guide, we will delve into the different categories of individuals and their respective tax obligations (Individual Tax in Namibia). When it comes to taxation, Namibia has a specific set of rules and regulations that individuals need to navigate. Whether you’re a salaried person, pensioner, farmer, business owner, or…
NamRA Levies and Duties in Namibia NamRA, short for Namibian Revenue Agency, is responsible for the administration and collection of various levies and duties in Namibia. These levies and duties in Namibia are crucial in generating revenue for the government and ensuring the smooth functioning of the country’s financial system. In this article, we will…
Namibian Taxation: Tax in Namibia In this article, we will delve into the various aspects of Namibian taxation, including income tax in Namibia, value-added tax (VAT), withholding tax, and non-resident shareholders tax (NRST). Namibia, a country located in southwestern Africa, operates under a robust tax system that affects individuals and businesses alike. Understanding the intricacies…
Application form for Clearing Agent in Namibia Application for Registration and User Authorization Form Clearing Agent This article will provide a comprehensive guide on completing the necessary application form for Clearing Agent in Namibia, highlighting the key information required for a successful registration process. In order to effectively navigate the Customs and Excise Regulations, individuals…
NamRA Tax Amnesty: A Tax Relief Programme to Settle Tax Arrears In a bid to recover tax arrears and promote e-filing, the Minister of Finance has announced the introduction of the NamRA Tax Amnesty programme. This programme offers a unique opportunity for taxpayers with outstanding tax arrears to settle their dues and benefit from a…
