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

For many businesses, the distinction between zero-rated and exempt supplies under the VAT system can be confusing. Although neither results in VAT being charged to the customer, the difference has significant implications for how businesses recover the VAT paid on their expenses.