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 August issue

Income Tax on Long Term Insurance Companies

Taxation of long-term insurance companies in Namibia is governed by Sections 20(4) and 32(1) of the Income Tax Act. Section 32(1) prescribes the basis of how the taxable income of long-term insurance companies should be determined whereas Section 20(4) provides for a deduction against dividend income.

Also in this issue:

  • Motor Vehicles – Payment of Import VAT
  • New Legislation Tracker
  • Business School Calendar
  • Tax Calendar - August 2019

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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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