Understanding the Numbers Behind Your Tax Payments. If you've ever made a payment to the Namibia Revenue Agency (NamRA), you've probably encountered a long reference number that looks something like this: 1021234567814202507 For many taxpayers, payroll administrators, accountants and business owners, this number is simply copied into online banking and forgotten. However, the reference number is far from random. Each section has a specific meaning and tells NamRA exact in

One of the most common misconceptions in payroll is that an amount labelled as "non-taxable" on a payslip automatically means it is tax-free. In reality, this is not the case. Whether you use a payroll system or process payments manually, the same principle applies: unless the Income Tax Act specifically provides an exemption, any amount paid by an employer to an employee in respect of employment is taxable income.