Taxation services

BDO’s experts work hard to minimise tax burdens and maximise tax incentives. We have particular expertise in advising our clients with tax issues. Our team of tax experts include 2 partners with Post Graduate Diploma’s in Taxation (HDIP, UNISA) as well as a Tax Manager. We know that close and effective relationships matter to you, and none more so than your relationship with your tax partner. For further details on audit and assurance services, see our Corporate Profile.

KEY SERVICES

  • Tax Compliance Services, including :
  • Preparation and submission of tax returns;
  • Completion and submission of provisional tax returns;
  • Completion and submission of VAT, Import VAT and Employees Tax returns
  • Preparation for and attending to VAT audits;
  • Checking of tax assessments, statements of account and dealing with objections when needed;
  • development of best practice tax compliance systems in your business
  • tax audits if required

Our business tax planning service includes:

  • establishing optimal business structures
  • acquisition planning
  • tax due diligence
  • minimising income recognition
  • maximising deductibility
  • entry / exit strategy planning
  • maximising depreciation claims
  • maximising distributions to shareholders / investors
  • tax loss utilisation
  • tax effective finance.
  • Other services include:
  • expatriate tax services
  • international private client services
  • general tax knowledge and advice
  • transfer pricing advice
  • double taxation agreements advice
  • Export Processing Zone (EPZ) services;
  • Manufacturing and Export Incentives;
  • cross-border investments

To find the right advisor for you, contact your Service Manager, Riana.

RECENT DEVELOPMENTS

Amendments to tax laws and the introduction of an export levy. Read press release from Namibian Ministry of Finance, and updated info 

Minister of  Finance, Saara Kuugongelwa – Amadhila, announced the following proposed changed to the Income Tax Act in Namibia on Thursday, 21 July 2011.  These proposed changes are expected to become effective sometime next year (when gazetted).To read more, click here , and updated info here

The land tax assessments for the financial year 2009/2010 were posted, read more.

FAQ

What are the current individual tax rates in Namiba?
Individuals pay tax on a sliding scale, with rates between 27 % for the lowest bracket (annual income > than N$ 40 001) and 37 % for the highest income earners (annual income > than N$ 750 000)
I am a non-resident, but am currently doing work for my employer in Namibia. Am I liable for tax in Namibia?
Namibia’s income tax regime is source based, not residence based, and therefore you are likely to be liable for taxation. However, the answer depends on your personal circumstance and you are advised to contact a BDO expert for more detailed advice.
What is the difference between VAT and import VAT?
Normal VAT is levied on all taxable activities in Namibia at a rate of 15 %, and is payable to Revenue authorities every 2nd month on the 25th of the month. Import VAT is levied only on the import of goods at services at a rate of 15 % plus an upliftment factor of 10 %. Import VAT is payable monthly on the 20th of the month.
Am I liable to register as an employer?
Any entity or person who employs staff is liable to register as an Employer for Employee Tax, as well as for Social Security and Workmens’ Compensation. Failure to do so may result in penalties.
I am not familiar with taxation in Namiba. How will I know how much to deduct / pay over to Revenue?
You can make use of BDO’s tax compliance service. Qualified experts will assist you with the calculations and will remind you when and how much to pay.

For any further details on these questions, or any other questions you may have, click here.

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