VAT is a tax on consumer expenditure and is ultimately paid by the final customer.

Most business transactions involve the supply of goods or services and VAT is payable if they are made:

a) In Namibia
b) By a VAT Registered vend or
c) In the course or furtherance of business and are not specifically exempted or zero-rated VAT is collected by RECEIVER OF REVENUE and is normally payable every two months.

If you own a small business and haven’t kept up your bookkeeping, don’t worry. We can help you. We’ll prepare your bookkeeping for the year; prepare financial statements and tax composition, as well as your personal income tax return. Then we’ll help you set up an easy system that allows you to keep your books in tip-top shape next year.

THE GOLDEN RULE: NEVER THROW AWAY EXPENSE SLIPS

Monthly Bookkeeping

We have qualified staff that can process your books for you on a monthly basis on Pastel, do your VAT calculations for you and submit all the relevant documentation and from to the Receiver of Revenue.

Annual Bookkeeping

If you give us the relevant documentation and information we will process your books for you and prepare your tax return for you.

REMEMBER : ALL EXPENSES INCURRED TO ACCOMPLISH INCOME GENERATION IS DEDUCTIBLE FROM INCOME FOR TAX PURPOSES

Registration of:

· Close Corporations
· PTY Limited
· Trusts

· Preparation of last will and testaments
· Liquidation of estates

Annual financial statements are financial reports based on a 12-month consecutive time period. The most common set of financials are based on the calendar year, but they can also be based on a company’s fiscal year.