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 October issue

Income Tax │ Legal Expense Deductions

If you incurred any legal expense during the tax year, the Income Tax Act allows a deduction for tax purposes under section 17(1)(c). In order for a legal expense to qualify for a tax deduction, the following guidelines must be considered.

Any legal fees in respect of legal practitioners and expenses in respect of court fees, wit-ness fees, expert advice fees and fees of sheriffs and messengers of court, not of a capital nature, which are actually incurred during the year in respect of any claim, dispute or action at law, arising from normal business operations in carrying on of a taxpayer’s trade, is de-ductible for income tax purposes.

Also in this issue:

  • VAT Refund Audits
  • New Legislation Tracker
  • Business School Calendar
  • Tax Calendar - October 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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