Trade Verification System to curb 'N$33 billion tax offences': Namibia's first trade verification system (TVS) is expected to reduce potential tax-related offences estimated at N$33 billion ...
"The reimbursement would be deducted from the employee's monthly tax contribution payable to the Namibia Revenue Agency (NamRA)," Shiimi explained. He …
"Namibia is part of the inclusive framework, a body of over 145 countries working to combat base erosion and profit shifting," said Shiimi. ... "The government uses the tax system as one of ...
Double Taxation Agreements To Be Renegotiated. Nghiinomenwa-vali Erastus 17 November 2023. By: Nghiinomenwa-vali Erastus. The Ministry of Finance …
ECA calls for an inclusive tax system: The United Nations Economic Commission for Africa ... All Namibia News' Post All Namibia News 16,848 followers 1y Report this post ...
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The Namibia Revenue Agency (Namra) has launched a whistle-blower's hotline for concerned citizens to report tax evasion, fraud and money laundering. In a statement yesterday, Namra […]
Stay informed with The Namibian – your source for credible journalism. Get in-depth reporting and opinions for only N$85 a month.Invest in journalism, invest in democracy –
Stay informed with The Namibian – your source for credible journalism. Get in-depth reporting and opinions for only N$85 a month.Invest in journalism, invest in democracy –
The tax relief will see that Namibians who are paid N$100 000 and less per year would not be liable to be taxed, as the tax threshold was moved from N$50 000 to N$100 000. This is effective from 1 ...
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Other prominent members of society who were exempted during the time period include Doris Wilke (N$71 185,23), Albertina Munomava and Lea Mupaine (N$64 566), Inge Hennes (N$61 256,87), Agnes ...
Mbangu also criticised the current tax system, pointing out its lack of clarity and inconsistent application. "When you ask employees of the ministry of finance, they might say we use a hybrid tax system, which includes both source-based and residence-based taxation. However, the practical application of this system is inconsistent," he said.
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New tax rates finally law. Iipumbi Shiimi. By Shania Lazarus. 16 September 2024. The Income Tax Amendment Act, that will see Namibians getting tax refunds, has …
Trade unions say employers must pay back the tax refunds owed to employees come October when the planned tax repayment/refunds kick in. The finance and public enterprises ministry announced an ...
Namibia therefore taxes any income received from a source within Namibia or deemed to be in Namibia provided the income is not of a capital nature.It therefore does not matter if you are a non ...
Posted by The Staff Reporter | Mar 6, 2024 | General News. The Namibia Revenue Agency (NamRA) has issued an update on the Mass Tax Refund exercise initiated in December 2023, highlighting both …
The United Nations Economic Commission for Africa (ECA) has called for an inclusive international tax system and an overhaul of the global financial system as part of a global deal to secure the ...
The Minister noted that the government has also considered ways to enhance the competitiveness of the tax system to attract more investments and support …
Namibia Residents Income Tax Tables in 2024 Personal Income Tax Rates and Thresholds (Annual) Tax Rate Taxable Income Threshold; 0%: Income from N$ 0.000.00
Namibia 2024/25 Budget Includes Increased Tax Exemption Threshold for Individual, Tax Rate Cut for Non-Mining Companies, and Other Changes — Orbitax Tax …
The Namibia Revenue Agency (Namra) is investigating 14 fishing companies for alleged tax evasion. Despite being one of the top sectors contributing to the Namibian economy over the years, the ...
Stock or securities (including Treasury Bills) issued by the Government of Namibia, or any regional council or local authority in Namibia (also available to companies not carrying on business in Namibia) Withholding tax 10% on interest received from Namibian banks and unit trusts paid to any person other than a Namibian company.
NAMIBIA will remain on the European Union blacklist as long as it refuses to ratify the Organisation for Economic Cooperation and Development's convention and abolish harmful […]
Itula promised a "world-class education system that equips every Namibian with the knowledge, skills and values to thrive in a rapidly changing global socio-economic environment".
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When the seller is registered for value-added tax, any price quoted is deemed to include the tax whether or not the tax has been included in such a price.Prices advertised or quoted on price tags ...
Good day The following post gives some detail - Namibia: Income Tax Amendment Act 4 of 2024 (16 September 2024) - Announcements - Sage Payroll Professional - Community Hub
Shiimi added that the new measures aim to ensure that the total PAYE deductions for the 2024/25 tax year are in full compliance with the revised tax …
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