ITX 01 – Introduction to the Namibian Income Tax Legislation

Course Presenter: L. Rautenbach/B. Pretorius

Duration: 5 hours

Maximum Attendees: 30

Course Level: Beginners

Costs: (FCS Clients, NIPA, ICAN) N$ 1,050.00

Costs: (all others) N$ 1,395.00

Aimed at: First & second year Trainees; Bookkeepers; Junior Tax consultants; Tax compliance officers; Client accounting staff.

Contents:

  1. The history of taxation
  2. The different forms of taxation
  3. The taxes applicable in Namibia
  4. Income Tax in Namibia:
    1. Terminology – The Basics; Gross Income;
    2. Exempt Income;
    3. The general deduction formula & Capital Allowances;
    4. Special Provisions – Farming;
    5. Special provisions – Individuals

Practical Examples: Salaried Taxpayer with allowances; Individual – Trading as; Individual – Farming operation