Tax First Newsletter

Providing you with informed commentary on current developments in the local tax and business arena.

Our monthly 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.

Tax First Alert

The much anticipated Integrated Tax Administration System (ITAS) will go live for taxpayers on 17 January this year. In order to prepare you for the transition, please find below a summary of changes that are required.

Click the here or the link below to find out more

Tax First December issue

The impact of residence-based taxation vs source-based taxation

Namibia is currently applying a source basis of taxation which means that businesses or individuals are taxed on the income which they earn from a Namibia source or deemed source. This implies that if a Namibian entity or individual earns income from a foreign source outside Namibia, such income is not taxable in Namibia.

Also in this issue:

  • The cost of intellectual property from an income tax perspective
  • Proposed Amendments to the Income Tax Act
  • New Legislation Tracker
  • Tax Calendar - December 2018
  • PwC Business School Training Calendar

 

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Contact us

Johan Nel

Partner/Director, PwC Namibia

Tel: +264 61 284 1122

Chantell Husselmann

Tax Leader, PwC Namibia

Tel: +264 61 284 1327

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