Effective 1 February 2021 the Ministry of Finance intends to expedite the pay-outs of undisputed Value Added Tax (VAT) refunds, to within three months following the receipt of a credit VAT return.
Taxpayers can rest easier at night as the Ministry of Finance announced an electronic filing Tax Relief Programme for outstanding taxes yesterday.
As announced in July this year, taxpayers will no longer be required to submit import value-added tax returns. ITAS has introduced a function which populates your import VAT return based on what is on the Asycuda (Automated Systems for Customs Data) system.
The system automatically submits and assesses your return on the 1st of the month following the import.
The Namibian Institute of Professional Accountants (NIPA) released important communication following a meeting between their Tax Committee and the Department of Inland Revenue (IRD) earlier this week. Based on an update sent to all members on 18 September, we herewith wish to confirm the following.
29 Feld Street, Windhoek, Namibia
Monday - Thursday - 07:30 to 17:00
Friday - 07:30 to 13:30
Ask an Expert Now