Ministry of Finance, page 3

Cabinet Decision or Date/Year of Enactment Date of Review Name of Document Purpose/Rationale of Policy(ies)/ Strategies

16 May 2013

Not Available

To amend the Stamp Duties Act, 1993, so as to exempt natural persons from the payment of stamp duty on transfer deeds in respect of the acquisition of immovable property with a value or consideration not exceeding N$600 000; and to provide for incidental matters.

18 June 2001

Not Available

To amend the Stock Brands Act, 1995 (Act No. 24 of 1995) so as to empower the Minister to make regulations requiring an owner of any kind of animal, not being stock, to brand that animal for any purpose specified by the Minister; to empower the Minister to enter into Agreements with certain persons and to delegate any power, duty or function to any such person; and to provide For incidental matters.

18 June 2008

Not Available

MINISTRY OF FINANCE INVITATION FOR TENDERS AND APPLICATIONS FOR PREQUALIFICATION

18 September 2002

Not Available

To amend the Value-Added Tax Act, 2000, so as to redefine the expressions "charitable organisation" and "life insurance contract"; to exclude passenger vehicles used for demonstration purposes from tax; to provide that a registered person does not have to declare an output tax when indemnified under a short-term insurance contract, where input tax was denied; to exclude all subsidies, grants and bursaries from tax; to make the erection or extension of or improvements to buildings and the sale of land and buildings taxable; to provide that certain levies become taxable; to abolish the 30% tax rate; to further provide for the determination of the value of a supply between connected persons; to allow for a certain levy to be deducted from the value of a bet; to provide that open market values may be used where goods are imported and required to be cleared; to compel importers who arranged VAT import accounts to also submit import declarations in cases where no goods were imported; to require that export declarations be obtained in respect of imports; to provide that registration may by agreement take effect from an earlier date; to provide that a registered person may claim input tax on used goods where the seller was not entitled to a deduction; to provide that charitable organisations, children's homes, old-age homes and orphanages may claim input tax on the acquisition of passenger vehicles; to extend the basis of the apportionment formula; to establish a new value on tax refunds to non-citizens who purchased goods in Namibia; to provide that certain financial assistance agreements be deemed to be technical assistance agreements to qualify for tax refunds; to repeal the Schedule of goods subject to the 30% tax rate; to include the erection or extension of or improvements to buildings and the sale of land and buildings for residential purposes and Telecommunication services to residential accounts in the Schedule of zero-rated supplies; and to provide for matters connected therewith.

18 September 2002

Not Available

To provide for the establishment of the Development Bank of Namibia the purpose of which is to contribute to the economic growth and social development of Namibia by providing financing in support of key development activities; and to provide for matters incidental thereto.

18 September 2002

Not Available

To provide for a levy on the free reserves of mutual insurers in respect of their demutualisation; and to provide for matters connected therewith.

19 April 2005

Not Available

To provide for the establishment of the National Arts Fund; to promote and develop the arts in Namibia; to establish a council to control and manage the Fund and to provide for related matters.

19 April 2005

Not Available

To appropriate an additional amount of money to meet the financial requirements Of the State during the financial year ending on 31 March 2005.

19 April 2005

Not Available

To provide for the establishment of the Public Office-Bearers (Remuneration and Benefits) Commission; to provide for the powers and functions of the Commission; to provide for procedural matters relating to the Commission; to provide for the determination of remuneration and benefits of public office-bearers By the President; and to provide for incidental matters.

19 April 2005

Not Available

To amend the Income Tax Act, 1981, so as to define the expression “Commissioner”; to further provide for the recoupment of deductions allowed in respect of assets acquired by means of certain allowances and then subsequently disposed of and to empower the Minister to determine a lesser value than the market value for recoupment purposes; to provide for the exemption from tax of certain income of non-citizens stationed in Namibia by virtue of a technical assistance agreement; to provide that no amount paid as land tax be allowed as a deduction in the determination of taxable income; to provide for the establishment of a tax tribunal to expedite lower value tax appeals; to make provision for transfer pricing and thin capitalization rules to combat tax avoidance schemes; and to provide for matters connected Therewith.

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