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.
Customs Procedures for temporary importation of goods into Namibia
It is a requirement that goods imported into or exported from Namibia, whether temporarily or not, must be declared to Customs and Excise Namibia (“Customs Namibia”).
Customs Namibia makes use of a sophisticated, modern system, called Asycuda-World. Customs declarations must be lodged electronically on this system. This means that the importer or exporter must make use of a clearing agent to declare the goods at Customs Namibia before the goods can be released for the purpose it was imported / exported.
Also in this issue:
In June's issue of the Tax First Newsletter we talk about Customs Procedures for temporary importation of goods into Namibia..read more here
In May's issue of the Tax First Newsletter we talk about Income Tax Objections and what to do...
In April's issue we cover the Record keeping for VAT in Namibia. As a VAT registered person, there are requirements that must be adhered to with regards to record keeping and maintaining relevant documentation.
In March's issue of the Tax First Newsletter we talk about VAT implications on the transfer of a business. Read more here...
In February's newsletter we talk about the deregistration of VAT and Import VAT, as well as the new Legislation Tracker
January's newsletter discusses the Private use of company vehicles - Income Tax implications, read more....
This month's issue talks about the correct application of VAT on imported services usually causes a stir due to uncertainties around the interpretation of the underlying legislation.
Chantell Husselmann
Tax Leader, PwC Namibia
Tel: +264 61 284 1327
Email
