Authors

DJM Clegg BComm LLB BComm Hons (Tax)

C Kotze CA (SA) (Namibia) PG Dip Tax (UCT)

Designed for use as a quick and relevant reference, the LexisNexis Practical Guide to Tax in Namibia, offers NamibiaÆs taxpayers the countryÆs first comprehensive and practical guide to the complex field of tax law and practice.

Practical features

• Published in a bound book format
• Contains a concise and up to date explanation of tax legislation currently in force in Namibia
• Avoids excessive technical jargon: the guide is written in a way to clarify important principles and facilitates understanding
• Extensive footnotes cross-reference the text to the specific section of legislation concerned, to enable the reader to locate actual provisions precisely and quickly Schedules indicate the rates for transfer duty on fixed property including mineral rights and the tariff of stamp duties

Topics covered

Part I: Income Tax

• Overview of Namibian income tax principles
• Taxation of individuals
• Taxation of companies
• Taxable income from trade
• Special provisions affecting non-residents
• Dividends
• Taxation of mining operations including oil and gas extraction
• Taxation of farming operations
• Taxation of insurance business
• Miscellaneous
• Returns, administration, objection and appeal

Part II: Value-Added Tax

• Outline of VAT-Registration
• Taxable supplies: Output VAT
• Importation of goods and services
• Timing and valuation
• Exports and zero-rating
• Input tax credit and tax invoices
• Exempt supplies
• The VAT return
• Particular organisations, transactions and events
• Transitional rules and ticketing
• Change in rate
• Miscellaneous administrative matters
• Supplies and imports subject to 30% tax rate

Part III: Other Taxes

• Transfer duty on fixed property including mineral rights
• Stamp duties

Key benefits

• Discover which income is tax-free and what expenses are deductible
• Find easily understandable answers to your tax problems
• Accurately calculate the taxes you or your company have to pay
• Increase your understanding of such issues as what constitutes or receipt of a capital nature
• Ensure you claim all allowances and rebates
• Detailed explanation of Namibian income tax and VAT, and an explanation of the stamp duties and transfer duty system