Covid Ltd entered into a 15 year lease agreement on 1st June 2019. According to this agreement Company A had to effect improvements of N$200,000 to the leased premises. The improvements were completed on 31st October at a cost of ...
Linuqa Students help Latest Questions
Anyone who knows how to get the full month’s, when you are dealing with lease improvements.
Sarah Davis, 55-year—old Namibian citizen had become an employee of ”First for Women” Insurance on 1St February 2016. Her receipts and accruals for the 2017 year of assessment include: A monthly salary of N$20 000. Annual bonus payable in December, N$20 000. Sales ...
ABC Bookshop CC is a resident of Namibia, with a financial year end of 28th February. On the 20th of August 2020 the accountant informed the member that the estimated taxable income until end of August will be N$130,000 and for ...
Stephen Plough is a farmer in the Omaheke region and he supplies you with the following information for the year ended 28 February 2022. Notes During the year, Stephen and his family consumed 3 cows. The market value ...
John and Jane Doe formed a partnership and trades under the name J&J Doe Enterprises. The partnership agreement provides for the following: Salaries of N$200 000 each per annum; Interest on capital accounts at 12% per annum; Interest on drawings at 15% per ...
VAT on Imported Services returns in Namibia are due
A “person” as defined in the Income Tax Act of Namibia can be classified as either:
One of the reasons why governments charge a “person” taxes is so that they can create favorable living standards for all the citizens of a country. One such favourable standard is:
Manufacturing companies’ tax rate for the first ten (10) years of being registered is:
