If your employees work for you outside the country for more than 183 days in a year, during which time they stay out of the country for a period of more than 60 days, all the income they receive will be tax exempt. As an employer who would withhold employees’ tax and they would claim compensation and receive a refund on assessment.

 

The foreign investment limit is currently R2 ...

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In its quest to collect taxes from Namibian sources, the Inland Revenue Directorate encourage taxpayers to comply with the Income Tax Act No 24 of 1981 (“the Act) in terms of payment, filing and communication.

Section 5(1)(a) of the Act, provides that income tax shall be paid annually in respect of the taxable income received by or accrued to or in favour of any person. The self assessment system requires taxpayers to voluntarily compute their income, declare tax and pay it over to Inland R...
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The page will include any tax updates and information on tax.

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