VAT 01 – Introduction to the Namibian Value-Added Tax Legislation

Course Presenter: J. Du Toit/J-M. Smit

Duration: 5 hours (morning session)

Maximum Attendees: 30

Course Level: Beginner/Intermediate

Costs: (FCS Clients, NIPA, ICAN) N$ 1,400.00

Costs: (all others) N$ 2,115.00

Aimed at: All trainees; Bookkeepers; Junior Tax consultants; Tax Compliance officers; Client bookkeeping staff.

Contents:

This presentation is designed as an entry level module explaining the basic provisions of the VAT Act.

Specific areas addressed include:

  1. Basic understanding and background on how VAT works;
  2. Section 6 – the critical factors involved in the VAT legislation discussed in detail;
  3. What constitutes a supply;
  4. The timing of supply rules;
  5. The value of supply rules;
  6. What constitutes a taxable activity?
  7. Exempt and Zero-rated supplies;
  8. Import VAT and Exempt imports;
  9. VAT calculation and apportionment rules.