02 Juni 2021 | Geschäft

VAT refund audits conducted at NAMRA

Carmen Fransman - More and more taxpayers find themselves in a value-added tax (VAT) refund position.

This could be the result of increased imported stock, earning zero-rated revenue or significant local acquisition of fixed assets during a tax period, leading to a higher input tax amount deducted from the output tax payable. Refunds are not automatically paid out as most refunds are subject to an audit. Herewith an overview of what to expect and what may be requested when subject to a desk-VAT refund audit.


Periods flagged for audit are indicated on the Integrated Tax Administration System (ITAS) of the Namibia Revenue Agency (NAMRA) as “to be audited”. Taxpayers are required to secure an audit date with the official responsible for their casefile. Following the confirmation of a date, the taxpayer is required to provide a copy of the VAT return(s), bank statements and a summary of all the input and output for each of the selected periods.


Taxpayers should be prepared to answer questions pertaining to the below, as an introduction to the audit: nature of the business, source of revenue and accounting basis. The following documentation is required to be readily available, as published in the “Guide for Pre-Audit” (October 2017) by the VAT Desk Audit department:

Income declared (Output):

Sales VAT summary for the period(s), bank statements for the period(s), loan agreement(s), and zero-rated sales (i.e. for exports, present related tax invoice(s) and exportation documents). Construction companies must present tax invoices/contract for work done in the period and information on the accounting system used.

Expenditure claimed (Input):

Purchases VAT summary for the period(s) and historical VAT summaries for period(s) to which the input adjustments originally belonged. In the event that capital goods were claimed, both tax invoices and vehicle registration certificates from NaTIS must be presented. In cases whereby only imports are being claimed and are the main cause of the refund, the related ASYCUDA report and/or SAD 500 must be presented.


The official prepares an audit report for superior review and approval, followed by the refund being indicated as “cleared” for payment.

The amount of the refund is first applied to any outstanding tax, interest or penalty payable in terms of relevant provisions per the VAT Act. Any credit balance remaining, shall be refunded to a taxpayer no later than the end of the second calendar month following the date the credit balance arose.

Any balance of delayed refunds attracts interest at the rate of 11% per annum, calculated from the due date prescribed above to the date of payment. Taxpayers are encouraged to maintain a “good standing” record of all their tax accounts as any non-compliance may impact or delay the payment of refunds.

* Carmen Fransman is the manager: indirect tax at PwC Namibia. Contact her at [email protected]

Gleiche Nachricht


Reisegepäck und Luxussymbole: 200 Jahre Koffermacher Louis Vuitton

vor 10 stunden | Geschäft

Paris (dpa) - Abends Feiern gehen mit der Clutch, wochenends auf Einkaufsbummel mit dem Weekender oder tagelang mit dem Koffer auf Reisen - in der...

Amazon enttäuscht Anleger - Online-Shopping-Boom lässt nach

vor 2 tagen - 30 Juli 2021 | Geschäft

Seattle (dpa) - Der weltgrößte Online-Händler Amazon rechnet nach Rekorderlösen in der Corona-Krise mit einem Abflauen des Shopping-Booms im Internet. Der Konzern stieß Anleger am...

Banken im Stresstest: Aufseher veröffentlichen Ergebnisse

vor 2 tagen - 30 Juli 2021 | Geschäft

Frankfurt/Paris (dpa) - Ein Jahr später als ursprünglich geplant haben Europas Aufseher die Banken auf dem Kontinent wieder einem großen Gesundheitscheck unterzogen. Sind die Institute...


vor 3 tagen - 30 Juli 2021 | Geschäft

Tiger Brands forced to recall cansTiger Brands is recalling certain KOO and Hugo’s canned vegetable products produced from 1 May 2019 to 5 May 2021...

US companies push Covid-19 shots for staff

1 woche her - 26 Juli 2021 | Geschäft

Timothy Aeppel and Ben Klayman - Kevin Kelly is hitting his anti-vax workers where it may hurt them most: their paychecks.On Sept. 1, when regular...

Daimler verbucht Milliardengewinn und will weiter Personal abbauen

1 woche her - 21 Juli 2021 | Geschäft

Stuttgart (dpa) - Der Auto- und Lastwagenbauer Daimler vermeldet wieder üppige Milliardengewinne wie in besten Zeiten, will aber an seinem Sparkurs festhalten. Früheren Berichten zufolge...

Kombat-Mine wieder in Betrieb

1 woche her - 20 Juli 2021 | Geschäft

Das kanadische Unternehmen Trigon Metals nimmt sich ab Dezember dem Kupferabbau im Norden Namibias, am Südrand des Otavi-Gebirges, an. Die Kombat-Mine, die in der Zeitspanne...


1 woche her - 20 Juli 2021 | Geschäft

Nigeria chooses Dangote to import sugarNigeria has designated three companies, including Dangote Sugar Refinery, as the country's sole importers of sugar, the central bank said,...

Zinc shrinks mining jobs

vor 2 wochen - 16 Juli 2021 | Geschäft

Jo-Maré Duddy – Operational mining member companies of the Chamber of Mines of Namibia last year provided direct permanent employment to 8 147 people, 818...

Namibians poorer than they were in 2015

vor 2 wochen - 15 Juli 2021 | Geschäft

PHILLEPUS UUSIKUThe 2020/21 Private Sector Development Survey revealed that micro and small businesses were more affected by the pandemic than medium and large enterprises.Furthermore, workers...