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

Dealing with deposits received for in-come tax purposes.

General pitfalls we see being applied in practice is that companies argue the fact that they have an unconditional liability to repay the deposits, thereby assuming that the deposits received are not taxable. This is not entirely cor-rect, unless a liability was specifically raised for the repayment of such depos-its. Also in this issue:

  • Press release: Value added taxation
  • PwC Business School Training Calendar
  • New Legislation Tracker
  • Tax Calendar - August 2018

 

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Johan Nel
Partner/Director, PwC Namibia
Tel: +264 61 284 1122
Email

Chantell Husselmann
Tax Leader, PwC Namibia
Tel: +264 61 284 1327
Email

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