New era for ­Inland Revenue

02 February 2019 | Economics

As from mid-January next year, taxpayers will be able to submit their tax returns to the Inland Revenue department using the new Integrated Tax Administration System (ITAS), which is accessible at all times.

Along with this, the current tax system – where taxpayers submit their returns at the Ministry of Finance's inland departments – shuts down on 31 December 2018.

According to ITAS project manager, Sirkka Masilo, once the new system becomes operational, users will be able to submit their tax returns online, suspend or deregister themselves or their companies.

The system will also access and affirm submissions immediately.

As part of the transition, there will be a two-week system downtime (from 31 December 2018 to 16 January 2019) for all individual and business transactions, before the new system comes into operation.

Masilo said provision has been made for individuals who do not have access to the internet to still submit their returns physically at the Inland Revenue offices around the country. However, the time it takes to process the tax returns will take longer than the online system.

Similar News

 

The benefits of sustainable investment

2 days ago - 24 March 2019 | Economics

Windhoek • Claire Hobbs In many first world economies, the effects of global warming continues to manifest as a business reality. In response, the Namibian...

What’s the hype about?

1 week ago - 17 March 2019 | Economics

A free talk held by the Bank of Namibia about Blockchain Technology, Crypto Currency, FinTech and Cyber Security was a huge success, particularly since these...

Investing in rental markets

2 weeks ago - 10 March 2019 | Economics

Student accommodation, lock-up-and-go sectional titles within central business districts, and holiday markets are just a few options savvy real estate investors have ...

Tax on dividend pay-outs explained

1 month - 27 January 2019 | Economics

Memory Mbai - Many are aware that dividends paid by Namibian companies to foreigners are subject to a 10% tax known as Non-resident Shareholders Tax...

Focus on finances

3 months ago - 10 December 2018 | Economics

Namibia strives to achieve an inclusive financial sector as well as financially literate and protected consumers. In light of this, the Bank of Namibia recently...

SDG targets out of reach

6 months ago - 17 September 2018 | Economics

Ellanie Smit - Namibia's ability to fully and timeously realise all targets set out in the Sustainable Development Goals (SDGs) are at risk due to...

IMF advises Namibia on PPPs

6 months ago - 03 September 2018 | Economics

Ogone Tlhage – The International Monetary Fund has warned Namibia of the risks it should take into consideration as authorities seek ways to rope in...

A million Namibians are broke

7 months ago - 20 August 2018 | Economics

Jo-Maré Duddy – For Agnes B*, like the rest of the nearly one million Namibians now part of a new official statistic, it is tough...

Don't borrow to buy clothes

7 months ago - 20 August 2018 | Economics

Bank of Namibia governor Iipumbu Shiimi is urging Namibians not to borrow money to buy items like clothing and furniture, but instead to save money...

Sjebeeneienaars kwaad oor moratorium

11 months ago - 26 April 2018 | Economics

'n Optog is Maandag deur sowat 50 sjebeeneienaars op Rehoboth gehou weens die langdurige moratorium op die uitreiking van dranklisensies in die Hardapstreek.Die doel van...

Latest News

Beach volleyball action at the...

1 day - 25 March 2019 | Sports

Social division action from the first day of the Namibian Volley Ball Federation (NVB) organised 2019 Bank Windhoek Swakopmund Beach Volleyball tournament at the Mole....

Schools compete at desert sport...

1 day - 25 March 2019 | Sports

The sixth annual Buco Desert Sport Festival took place from 19 to 23 March at the Walvis Bay Private High School sports field. This year...

Bullseye

1 day - 25 March 2019 | Sports

Thirty eight archers are competing at the first ever outdoor target archery competition in Swakopmund. The competition which is taking place over two days...

The soldiers among us

1 day - 25 March 2019 | Sports

Windhoek • Yolanda NelHundreds of athletes and rookies joined in the fun during the Toyota Warrior Race that took place at Heja Lodge yesterday. Armin...

Two in a row for...

1 day - 25 March 2019 | Sports

Swakopmund • Adolf KaureThe second edition of the Sanlam Coastal Marathon took place in Swakopmund.Mynhard Kauanivi won the men's 42.2 km marathon for the second...

Fundraising for strays

2 days ago - 24 March 2019 | Society

Windhoek • Yolanda NelGiven that a single pair of dogs and their offspring are able to produce more than 11 000 puppies a year and...

Kom bak en brou saam

2 days ago - 24 March 2019 | Society

Windhoek • Yolanda NelWou jy nog altyd ook koekies mooi versier, maar die taak lyk glad nie bereikbaar nie?Dan is hierdie ’n geleentheid wat jy...

Little foot entertains

2 days ago - 24 March 2019 | Business

A newly erected chameleon structure is entertaining children at the Grove Mall of Namibia.Since chameleons are well-known for their adaptations to survive the brutal deserts,...

A better future for the...

2 days ago - 24 March 2019 | Social Issues

Windhoek • Yolanda NelStatistics on how many Namibian children are at risk, is dire. As a result, a group of people decided that something needs...

Load More