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TAX UPDATE 15 OCTOBER 2014 SAFARI COURT HOTEL Presented by: Sam SHIVUTE COMMISSIONER : INLAND REVENUE. MINISTRY OF FINANCE Inland Revenue. PRESENTATION OUTLINE. UPDATE ON ITAS & BPR. ITAS UPDATE. BPR UPDATE. VAT THRESHOLD. - PowerPoint PPT Presentation
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TAX UPDATE
15 OCTOBER 2014SAFARI COURT HOTEL
Presented by: Sam SHIVUTECOMMISSIONER : INLAND REVENUE
MINISTRY OF FINANCE Inland Revenue
The current of N$200 000 is set in respect of annual taxable turnover, and a person whose annual taxable supplies exceed such limit is automatically a registered person whether he registers or not. The VAT threshold is N$200 000 in any 12-month period.
Taxable supplies mean the value of zero rated supplies and standard rated supplies and do not include exempt supplies.
In a case where taxable supplies does not exceed N$200 000 per annum, the Commissioner may permit VOLUNTARY REGISTRATION
Total Number of objection received: 304 Total number dealt with: 131 Pending objection cases: 173
Received Completed Pending
Windhoek 161 33 128
Otjiwarongo 10 7 3
Oshakati 50 31 19
Walvisbay 82 59 23
Rundu 1 0 1
Keetmanshoop 1 1 0