{"id":13167,"date":"2024-09-05T03:06:52","date_gmt":"2024-09-05T03:06:52","guid":{"rendered":"https:\/\/collegeguide.co.za\/?page_id=13167"},"modified":"2024-09-05T03:06:52","modified_gmt":"2024-09-05T03:06:52","slug":"how-to-register-as-a-tax-payer-in-namibia","status":"publish","type":"page","link":"https:\/\/forms24.co.za\/data\/how-to-register-as-a-tax-payer-in-namibia\/","title":{"rendered":"How To Register as a Tax Payer In Namibia"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\">What is Tax?<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer by a governmental organization in order to fund government spending and various public expenditures. A failure to pay, along with evasion of or resistance to taxation, is punishable by law.<\/p><div id=\"forms-3267368612\" class=\"forms-atf forms-entity-placement\" style=\"margin-top: 15px;margin-bottom: 20px;\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-9198760278752355\"\n     crossorigin=\"anonymous\"><\/script>\n<!-- Responsive ads atf -->\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-9198760278752355\"\n     data-ad-slot=\"8381596201\"\n     data-ad-format=\"auto\"\n     data-full-width-responsive=\"true\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/div>\n\n\n\n<h4 class=\"wp-block-heading\">Who is a Tax Payer?<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">A taxpayer is a person or organization subject to pay a tax. Modern taxpayers may have an identification number, a reference number issued by a government to citizens or firms. The term \u201ctaxpayer\u201d generally characterizes one who pays taxes.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">How To Register as a Tax Payer In Namibia<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Steps to Follow When Register as E-Filer or Taxpayer Registration in Namibia<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>Open our website: \/\/www.itas.mof.na<\/li><li>Click on the \u201cE-Service\u201d link on the top -right corner. A log-in page will open.<\/li><li>Click on the \u201cclick here to Register\u201d link to open the registration page<\/li><li>Once the registration page opens, complete all the required fields with the \u201c*\u201d asterisk and click on the \u201csubmit button\u201d.<\/li><li>A verification email will be sent to your email address to activate your User Account.<\/li><li>Click on the \u201cActivation Link\u201d to activate your account.<\/li><li>After you click on the activation link, your user account will be activated. You will then be directed to the sign in page.<\/li><li>Click on the \u201cLog In\u201d link to log in to the portal account.<\/li><li>Enter username and password (1), and click on \u201cLog In\u201d button (2).<\/li><li>When you log-in, the Welcome page opens up, which outlines the terms and conditions to be adhered to. Read the terms and conditions and tick the agree box \u201cI accept Terms and Condition\u201d to proceed.<\/li><li>Click on Link your Taxpayer Account Here.<\/li><li>Complete the information on the \u201cTaxpayer Bind\u201d page. Complete the <strong>mandatory<\/strong> fields and click submit Button.<\/li><li>A success message will be displayed that \u201cYou have successfully Linked your Taxpayer Number\u201d.<\/li><li>IF you are not yet registered as a taxpayer, Click on the link \u201cRegister as a New Taxpayer\u201d.<\/li><li>A confirmation box will pop up to confirm if you are sure you want to register as a new Taxpayer? Click Yes.<\/li><li>A registration\/application form will open. Complete all the required fields on the taxpayer registration page, and click \u201csubmit\u201d plus upload the attachment (s) required.<\/li><li>Upon clicking \u201csubmit button\u201d, an acknowledgement receipt of taxpayer registration will be sent to your email.<\/li><li>Once the registration process is completed, you will receive a Registration Notification via your email.<\/li><\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">You can download the form below to register as a tax payer if you are not able to register online<br><strong><a href=\"https:\/\/www.itas.mof.na\/portal\/download!downloadFile.action?downid=854007386\">Download Application form for Registration as a Taxpayer (pdf)<\/a><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Frequently Asked Questions (FAQ\u2019s)<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>How does Namibia tax work?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A sliding scale is used to determine the tax rates applicable to individuals. For all years of assessment effective 1st March 2009, the&nbsp;minimum rate is 0% and the maximum rate applied is 37%. The Namibian tax year commences on 1 March to the last day of February that subsequent year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>How do taxes work in Namibia?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Namibia&nbsp;has a system of self-assessment, which must include a computation of the taxpayer\u2019s taxable income and&nbsp;tax&nbsp;payable, and the payment of&nbsp;tax&nbsp;due on the income so computed. The income&nbsp;tax return&nbsp;for salaried individuals is due on 30 June and for farmers and business individuals on 30 September.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Is government pension taxable in Namibia?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Pension&nbsp;and RA funds \u2013 The total lump sum is&nbsp;tax-free, but the annuities \/pensions&nbsp;paid to dependants are&nbsp;taxable&nbsp;at the marginal rate. The difference being paid as annuities, will be&nbsp;taxable.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Is foreign income taxable in Namibia?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Namibia has a source based system of taxation with the result that Namibian residents are, save for some exceptions, only taxed on their Namibian income while&nbsp;foreign residents are taxed only on the income generated within Namibia.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>What is the current limit for tax deductible pension deductions in Namibia?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Employee contributions to&nbsp;Namibian&nbsp;registered&nbsp;pension, provident, retirement annuity funds and policy of insurance for educational purposes are&nbsp;deductible&nbsp;to a&nbsp;maximum amount&nbsp;of NAD40,000 per annum.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>What is the VAT rate in Namibia?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">VAT&nbsp;is levied at the standard&nbsp;rate&nbsp;of 15% on the supply of most goods and services and on the importation of goods. It is mandatory for a person who carries on a business with an annual taxable turnover above N$500,000 to apply for&nbsp;VAT&nbsp;registration.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Does Namibia have capital gains tax?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There&nbsp;is&nbsp;currently no donations&nbsp;tax, estate duty or&nbsp;capital gains tax&nbsp;in&nbsp;Namibia. Certain&nbsp;capital gains&nbsp;are taxed as normal income.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Is government pension taxable in Namibia?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Pension&nbsp;and RA funds \u2013 The total lump sum is&nbsp;tax-free, but the annuities \/pensions&nbsp;paid to dependants are&nbsp;taxable&nbsp;at the marginal rate. The difference being paid as annuities, will be&nbsp;taxable.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>How do I claim tax back in Namibia?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">How to claim&nbsp;your VAT&nbsp;Refund<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>The words \u201cTax&nbsp;Invoice\u201d<\/li><li>The seller\u2019s name and address.<\/li><li>The seller\u2019s VAT registration number.<\/li><li>Your name.<\/li><li>The date of issue of the&nbsp;tax&nbsp;invoice.<\/li><li>A&nbsp;tax&nbsp;invoice number.<\/li><li>A full description of the goods purchased.<\/li><li>The cost of goods excluding 15% VAT.<\/li><\/ol>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Do you pay tax on dividends in Namibia?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Dividends.&nbsp;Dividends&nbsp;declared by a&nbsp;Namibian&nbsp;company&nbsp;to&nbsp;a non-resident person&nbsp;will&nbsp;be subject&nbsp;to&nbsp;non-resident shareholders&nbsp;tax&nbsp;(NRST), a WHT. NRST is payable at the standard rate of 10% where a company holds more than 25% shares in the&nbsp;Namibian&nbsp;company. In all other cases, NRST payable is 20%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Who should pay tax in Namibia?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A salary earning individual who earns an&nbsp;income&nbsp;of more than N$ 40 000 per annum and non-salary&nbsp;income&nbsp;in excess of N$ 5 000 per month is liable to&nbsp;pay tax&nbsp;and&nbsp;should&nbsp;register for&nbsp;income tax.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>How much is the old age pension in Namibia?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Namibia\u2019s old age&nbsp;social&nbsp;pension, renamed in 1998 as Basic Social Grant (BSG), guarantees all&nbsp;Namibia\u2019s&nbsp;residents&nbsp;over&nbsp;60 years of&nbsp;age&nbsp;a monthly unconditional allowance of 1 100&nbsp;Namibian&nbsp;dollars (N$) per month. It corresponds approximately US$ 78 per month lifting the grant beneficiary well above the poverty line.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Is interest income taxable in Namibia?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">WTI does not apply to&nbsp;Namibian&nbsp;companies, as defined in the&nbsp;Income Tax&nbsp;Act, as&nbsp;interest income&nbsp;is&nbsp;taxed&nbsp;as part of a&nbsp;Namibian&nbsp;company\u2019s annual&nbsp;income tax. Also known as Retention&nbsp;Tax, WTI is a form of&nbsp;tax&nbsp;where&nbsp;tax&nbsp;is deducted from&nbsp;interest&nbsp;before distributions are made to the individual.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>How does housing allowance work Namibia?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Your&nbsp;housing&nbsp;allowance&nbsp;would&nbsp;have been split between a taxable and a non taxable portion on your payslip. Normally 1\/3 of your&nbsp;housing allowance&nbsp;is tax free, so you are not taxed on the 1\/3.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Is dividends received exempt from tax?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Dividends received&nbsp;by individuals from&nbsp;South African&nbsp;companies are generally&nbsp;exempt&nbsp;from income&nbsp;tax, but&nbsp;dividends tax&nbsp;at a rate of 20% is withheld by the entities paying the&nbsp;dividends&nbsp;to the individuals.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>What is provisional tax Namibia?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The first&nbsp;provisional&nbsp;payment for income&nbsp;tax&nbsp;is due within six months from the commencement of the company\u2019s financial year (at least 40% of&nbsp;tax&nbsp;payable at year-end is paid on first submission). The final&nbsp;provisional&nbsp;payment is due within seven months after the financial year-end of the company.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Is rental income taxable in Namibia?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">premises, land, building, house, backyard flat, and office space.&nbsp;Income&nbsp;received from any agreement for the usage of the&nbsp;property&nbsp;is&nbsp;taxable, provided that such a&nbsp;property&nbsp;is situated in&nbsp;Namibia. Money paid to terminate the&nbsp;rental&nbsp;agreement is also&nbsp;taxable&nbsp;and should be included in the&nbsp;income&nbsp;for the year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Are pension funds taxable in Namibia?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">What happens with my&nbsp;pension fund&nbsp;when I retire? You may take up to a maximum of one third of your savings in a cash lump sum. This cash lump sum is&nbsp;taxable. The balance must be used to purchase an income\/annuity, and this income\/annuity is&nbsp;taxable.<\/p><div id=\"forms-4121741246\" class=\"forms-content forms-entity-placement\"><div style=\"width: 300px; padding: 20px; margin: 0 auto; border: 1px solid #ddd; border-radius: 8px; background-color: #f9f9f9; text-align: center; font-family: Arial, sans-serif;\">\r\n    <p style=\"font-size: 16px; margin: 0 0 10px;\">Need Information or Confused about Something ? <\/p>\r\n    <a href=\"https:\/\/onlineapplications.co.za\/ask\/\" style=\"display: inline-block; padding: 10px 20px; background-color: #007BFF; color: #fff; text-decoration: none; border-radius: 4px; transition: background-color 0.3s;\">Ask a Question<\/a>\r\n<\/div>\r\n<\/div><div id=\"forms-2585197093\" class=\"forms-btf forms-entity-placement\" style=\"margin-top: 15px;margin-bottom: 20px;\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-9198760278752355\"\n     crossorigin=\"anonymous\"><\/script>\n<!-- Responsive ads btf -->\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-9198760278752355\"\n     data-ad-slot=\"5513273173\"\n     data-ad-format=\"auto\"\n     data-full-width-responsive=\"true\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/div>\n<div id=\"forms-756008402\" class=\"forms-cpc forms-entity-placement\"><hr>\n<h1>Did You Know : Top 15 Free Online Learning Platforms<\/h1>\n\n<ol>\n  <li>\n    <strong>Free Online Education Degrees : Coursera:<\/strong>\n    <p>Coursera partners with universities and organizations worldwide to offer a wide range of courses. 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While some courses are free, others may require payment for a certificate.<\/p>\n  <\/li>\n\n  <li>\n    <strong>Free Online Education Degrees: Stanford Online:<\/strong>\n    <p>Stanford Online offers a variety of free courses in different disciplines, including computer science, engineering, and business.<\/p>\n  <\/li>\n\n  <li>\n    <strong>Best Free Online Courses : Carnegie Mellon Open Learning Initiative (OLI):<\/strong>\n    <p>OLI offers free online courses and resources designed to improve learning outcomes through research-based methodologies.<\/p>\n  <\/li>\n\n  <li>\n    <strong>Best Free Online Courses : FutureLearn:<\/strong>\n    <p>FutureLearn partners with universities and institutions to offer a diverse range of free online courses. 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It offers a free trial period.<\/p>\n  <\/li>\n<\/ol><\/div>","protected":false},"excerpt":{"rendered":"<p>What is Tax? A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer by a governmental organization in order to fund government spending and various public expenditures. A failure to pay, along with evasion of or resistance to taxation, is punishable by law. Who is a Tax Payer? &#8230; <a title=\"How To Register as a Tax Payer In Namibia\" class=\"read-more\" href=\"https:\/\/forms24.co.za\/data\/how-to-register-as-a-tax-payer-in-namibia\/\" aria-label=\"Read more about How To Register as a Tax Payer In Namibia\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-13167","page","type-page","status-publish"],"_links":{"self":[{"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/pages\/13167","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/comments?post=13167"}],"version-history":[{"count":0,"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/pages\/13167\/revisions"}],"wp:attachment":[{"href":"https:\/\/forms24.co.za\/data\/wp-json\/wp\/v2\/media?parent=13167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}