What colour Tax Reform do I need? Blue, Brown or Yellow?

The Receiver of Revenue categorises each individual taxpayer in one of three categories.

For each category the rules are slightly different.

Brown Tax Form:

Taxpayers who have worked for the same employer for the full tax year (for the period March 1 through to February 28) and who have only earned salary income that does not include allowances from which expenses are deductible to determine the taxable income for the year and who's interest income is less that N$500 for the tax year receive a brown tax form.

This tax return is due to be handed in on or before June 30 each year. Any payment owing to the Receiver of Revenue must be made by the due date reflected on the tax assessment you receive after being assessed.

NamTax does not support this kind of form yet. You cannot use the Wizard if you need to fill this form in.

 

Blue Tax Form:

The blue tax form is for taxpayers that earned salary income during the tax year that includes allowances from which expenses are deductible to determine the taxable income for the year or who may have worked for more than one employer during the tax year.

This form is also due on or before 30 June each year. The tax owing for the year, which is calculated by the taxpayer when completing the tax return, must be paid to the Receiver of Revenue on or before June 30. If payment is due and is not made by June 30, the Receiver will levy interest on the unpaid amount at a rate of 20 per cent per year, calculated daily and compounded monthly.

If you fail to submit your tax return by June 30 and you have not obtained approval from the Receiver to submit your tax return by a later date you will likely need to pay a penalty, which currently is 10 per cent of the tax that you owe on June 30.

This is the form that NamTax.com's Wizard will produce. The Wizard will do all the complex calculations for you.


Yellow Tax Form:

Taxpayers that conduct a trade for income tax purposes in addition to any other income they may receive during the tax year must fill in the yellow tax form.

NamTax does not support this kind of form yet. You cannot use the Wizard if you need to fill this form in.

  Loading...