How much is Donations Tax in Namibia?



How much is Donations Tax in Namibia?

Namibia has a donations tax of 2% which is imposed on the total value of any donations made. The tax is payable to the Commissioner of Inland Revenue and must be paid within 30 days from the date of receipt of the donation. All donations exceeding N$30,000 in value must also be reported to the Namibian Oil Company Limited (NOCL) within 60 days.

The tax is payable to the Commissioner of Inland Revenue 

If you are looking to donate to a charity in Namibia, it is important to be aware of the taxes that may be associated with your donation. The tax on donations is payable to the Commissioner of Inland Revenue and must be paid within 30 days from the date of receipt of the donation. Failure to pay this tax could result in penalties, so it is important to be familiar with the law before making any charitable donations in Namibia.

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 how much is dividend tax in namibia

Dividend taxation in Namibia is a bit complicated. The government has a progressive tax system in place, which means that the more money you make, the higher percentage of tax you will pay. For instance, if you are a single person and make less than N$20,000 per year, you will not have to pay any tax on dividends. However, if you make more than N$20,000 per year, you will have to pay 15% tax on dividends.