Repeal of Tax Incentives

Repeal of Tax Incentives

INSIGHTS – NEWS Repeal of Tax Incentives On 19 February 2020, the Minister of Finance, Honourable Calle Schlettwein, tabled the first income tax amendment bill of 2020. The bill repeals the tax incentives applicable to registered manufacturers and export...
Repo rate reduced to 6.25 percent

Repo rate reduced to 6.25 percent

INSIGHTS – NEWS Repo rate reduced to 6.25 percent On 19 February, the Monetary Policy Committee (MPC) of the Bank of Namibia held its bi-monthly meeting and decided to cut the Repo rate with 25 basis points to 6.25 percent. The decision was made to support...
Information update on PAYE returns and online submissions

Information update on PAYE returns and online submissions

INSIGHTS – NEWS Information update on PAYE returns and online submissions Following the implementation of the new Integrated Tax Administration System (ITAS), all relevant employers were requested to submit monthly PAYE returns via the online portal from March...
Information Update on Refunds from Receiver of Revenue

Information Update on Refunds from Receiver of Revenue

INSIGHTS – TAX Information Update on Refunds from Receiver of Revenue During the past few weeks our office received numerous queries regarding the status of refunds from the Receiver of Revenue. We herewith wish to inform our clients that, although official...