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Tax First Newsletter March 2017

A press release dated 30 January 2017 serves to informal taxpayers that, with effect from 1 June 2017, Inland Revenue Department will no longer accept cheques as a means of payment for taxes.Whether such cheques are guaranteed or not.

Tax First Newsletter

A monthly newsletter published by PwC Namibia providing informed commentary on current developments in the local tax and business arena. Our analysis and comments on new law and administrative changes assist business executives to identify developments and trends in law and Inland Revenue practice that might impact their business.

March Issue

Inland Revenue Department will no longer accept cheque payments from 1 June 2017 - Inland Revenue Department (“Inland Revenue”) encourages taxpayers to make use of online banking facilities to do Electronic Fund Transfers (EFT’s) for all tax payments or alternatively use a Point of Sale device, Cash or Direct Deposits as a method of payment. Point of Sale devices (Speed Point Machines) are now available at all Inland Revenue offices countrywide, except for satellite offices.

Also in this issue:

  • Tax implications of severance pay
  • New Legislation Tracker
  • PwC Business School Training Calendar
  • VAT on intangible assets
  • Tax Calendar - March 2017

 

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