Trade and Investment
Export of Goods
Export Processing Zone (EPZ)
Since 1996, the Government of Namibia decided to implement, one EPZs property policy intended to serve as a tax facilitator for the country's manufacturers export-oriented, in exchange for technology transfer, capital inflow, development qualifications and job creation.
AS A POLITICAL INSTRUMENT, THE EPZ SYSTEM IS DESIGNED TO:
- Facilitate the importation of productive capital and foreign technology, and the transfer of technical and industrial expertise to the local labor force;
- Contribute to increasing the industrial sector's contribution in creating employment, GDP and exports of manufactured products;
- Promote diversification of the local economy.
In Namibia the following taxes shall be levied:
- Tax on income of legal persons
- Income tax of individuals
- Withholding tax
- Added tax value
- Additional tax on sales
Other types of taxes include: tax transfers , stamp duty , customs duties and local taxes. However, the country does not have any kind of tax on capital on the property, on inheritance or on gifts. Commercial partnerships are not treated as separate taxable partners, being the proceeds of economic partners taxed depending on the degree of participation in the partnership. Special incentives for manufacturers, exporters and companies located in EPZ (Export Processing Zones).
Exporters of Manufactured Godds
Export Processing Zone Enterprises
ELIGIBILITY AND REGISTRATION
Enterprises engaged in manufacturing, Application to the Ministry of Trade and Industry and approval by the Ministry of Finance.
Enterprises that export manufactured goods whether produced in Namibia or not. Application and approval by the Ministry of Finance.
Enterprises engaged in manufacturing assembly packaging or reak-bulk, and exporting mainly outside of SACU markets. Application to the EPZ. Committee through the ODC or EPZMC.
Set at a rate of 18% for a period of 10 years, where after it will revert to the general prevailing rate.
80% allowance on income derived from exporting manufactured good
Exemption on purchase and import of manufacturing machinery and equipment.
STAMP & TRANSFER DUTY