Last Updated on November 27, 2023 by Elidge Staff
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Everything You Need to Know about Business Tax and VAT Registration in Namibia
As a business owner in Namibia, it is essential to ensure that your business is registered for tax and VAT purposes. This process can seem overwhelming, but it is a necessary step to take to ensure compliance with the law. In this article, we will guide you through the requirements and process of registering for business tax and VAT in Namibia.
Business Tax Registration
When you register your business with the Ministry of Industrialization, Trade and SME Development, you are automatically registered for tax. The following documents are required to be submitted to the Inland Revenue from the Ministry of Industrialization, Trade, and SME Development:
Documents are required
- Founding Statement for Close Corporations
- Memorandum of Articles of Association for Companies
Service Hours and Turnaround Time
The service hours for business tax registration are Monday to Friday, excluding public holidays, from 0800 to 1300 hrs and 1400 to 1700 hrs. The service turnaround time is 7 working days, and there is no service fee charged for business tax registration.
Service Manager Contact Information
If you have any queries regarding business tax registration, you can contact Ms. Else Kariazu, the Service Manager, via email at else.kariazu@mof.gov.na or call 061-2092418.
VAT Registration
All businesses in Namibia are required to register for income tax with the Inland Revenue Department (IRD) and obtain a VAT number. The following documents are required to be submitted for VAT registration:
Documents are required
- Application form from IRD
- Proof of Banking Details from a banking institution
- Certificate of Fitness from the City of Windhoek
- License from the Ministry of Mines for mining
- License from NTB for accommodation
Service Hours and Turnaround Time
The service hours for VAT registration are Monday to Friday, excluding public holidays, from 0800 to 1300 hrs and 1400 to 1700 hrs. The service turnaround time is 7 working days, and there is no service fee charged for VAT registration.
Service Manager Contact Information
If you have any queries regarding VAT registration, you can contact Ms. Else Kariazu, the Service Manager, via email at else.kariazu@mof.gov.na or call 061-2092418.
Registering your business for tax and VAT purposes is a critical step in ensuring compliance with the law in Namibia. By following the requirements and process outlined above, you can avoid any legal complications and ensure that your business operates within the law. If you have any questions or concerns regarding the registration process, you can reach out to Ms. Else Kariazu, the Service Manager, for assistance
Frequently Asked Questions
Why is it necessary to register my business for tax and VAT purposes in Namibia?
It is a legal requirement in Namibia for all businesses to register for tax and VAT purposes to ensure compliance with the law.
What documents are required for business tax registration in Namibia?
Founding Statement for Close Corporations and Memorandum of Articles of Association for Companies are required to be submitted to the Inland Revenue from the Ministry of Industrialization, Trade, and SME Development.
Can I register for business tax without registering for VAT?
No, all businesses in Namibia are required to register for income tax with the Inland Revenue Department (IRD) and obtain a VAT number.
How long does it take to complete the business tax registration process?
The service turnaround time is 7 working days.
Is there any service fee charged for business tax registration?
No, there is no service fee charged for business tax registration.
What are the service hours for business tax registration?
The service hours for business tax registration are Monday to Friday, excluding public holidays, from 0800 to 1300 hrs and 1400 to 1700 hrs.
What is the role of the Service Manager in the business tax registration process?
The Service Manager, Ms. Else Kariazu, is responsible for addressing any queries regarding business tax registration. You can contact her via email at else.kariazu@mof.gov.na or call 061-2092418.
What documents are required for VAT registration in Namibia?
Application form from IRD, Proof of Banking Details from a banking institution, Certificate of Fitness from the City of Windhoek, License from the Ministry of Mines for mining, and License from NTB for accommodation are required to be submitted for VAT registration.
How long does it take to complete the VAT registration process?
The service turnaround time is 7 working days.
Is there any service fee charged for VAT registration?
No, there is no service fee charged for VAT registration.
If you have more questions, look through our blog for answers!
