Non Compliance with Tax Laws in Namibia Non Compliance with tax laws in Namibia refers to the failure or refusal to act in accordance with a law, regulation, or terms of a contract. In the context of this article, it specifically addresses the failure to comply with the tax laws of Namibia. This article aims…
Understanding Transit Bond Facility in Namibia and Temporary Import Bond Facility In international trade, it is common for goods to pass through multiple countries before reaching their final destination. To ensure smooth transit and compliance with customs regulations, two important financial instruments come into play: the transit bond facility and the temporary import bond facility….
Roles of a Clearing Agent in Namibia What is a clearing agent in Namibia? A clearing agent, in the context of import and export activities, refers to a person or entity licensed by the Commissioner of the Namibia Revenue Agency under the Customs and Excise Act, 1998 (Act No.20 of 1998). Their main role is…
What is a Customs and Excise Warehouse in Namibia? A customs and excise warehouse in Namibia is a licensed storage facility authorized by Customs for the purpose of storing imported goods on which duties and/or taxes have not been paid. These warehouses also serve as storage spaces for goods used in the manufacturing process or…
Public Notice: NamRA Tax Objections and Customs Appeals in Namibia Empowering Taxpayers and Traders for Fair Dispute Resolution This blog post delves into the key aspects of the initiative, sheds light on the legal framework surrounding NamRA Tax Objections and Customs Appeals in Namibia, and provides guidance on how taxpayers and traders can submit their…
Public Notice: Trade Verification System in Namibia Activated by Bank of Namibia and Namibia Revenue Agency This article will explore the significance of the Trade Verification System in Namibia and its impact on trade processes in the country. The Bank of Namibia and the Namibia Revenue Agency (NamRA) have collaborated to introduce a groundbreaking digital…
Public Notice: NamRA Trade Verification System (TVS) to Revolutionize Namibia‘s Trade Landscape Public Notice: 30 October 2023 The NamRA Trade Verification System (TVS) is a web-based platform designed to bring efficiency, compliance, and growth to Namibia‘s trade operations. The Namibia Revenue Agency (NamRA) is proud to announce the implementation of a groundbreaking initiative that will…
PUBLIC NOTICE: NamRA Special Clearing Desk at the Hosea Kutako International Airport NamRA is dedicated to providing efficient and timely services to its valued customers. In an effort to streamline the NamRA Special clearing process for e-commerce goods imported by small traders at the Hosea Kutako International Airport, NamRA has launched a Special Clearing Desk….
The Namibia Revenue Agency: Empowering Tax Collection and Trade Facilitation The Namibia Revenue Agency (NamRA) is a vital institution responsible for collecting taxes, enforcing tax laws and customs regulations, and facilitating international trade. In this article, we will delve into the functions and significance of NamRA, exploring how it contributes to Namibia‘s economic growth and…
An Easy Guide to Tax Brackets in Namibia (Tax rate in Namibia) In the realm of personal and business finance, understanding tax brackets in Namibia is crucial for making informed decisions. Namibia, with its self-assessment system, places the responsibility on every taxpayer to compute and file their taxes annually. Let’s dive into the specifics of…
