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.
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.
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