De-Registration De-Registration

De-registration

Employees Tax

When an employee cease to be employed/ a person earning income does not exceeding the Threshold of N$40 000 per Anum Employer must:

  • Update his/her account with the Receiver of Revenue.
  •  Return all unused employees tax certificates and all the reconciliations within fourteen days from the date on which she/he ceased to be an employer to the Receiver of Revenue office where she/he originally registered.
  • Furnish the original certificates to the employees within seven days from the date which she/he ceased to be an employer.
  • Notify Receiver of Revenue within fourteen days of any changes in ownership. Once ownership is changed PAYE 1 (A) form has to be completed.

Value Added Tax(VAT) Import Account

  • Apply in writing to the Commissioner of Inland Revenue to have the registration cancelled and state the reason in the letter for the cancellation of registration.
  • Notify the Commissioner within 21 days from the date of such cessation
  • When Commissioner become satisfied, will notify the person in writing of the date the cancellation takes effect.

Income Tax

A taxpayer can de-register when he/she does not receive an taxable income for companies and close corporations can contact our offices for more information.

Value Added Tax (VAT)

Taxpayer must:

  • Apply in writing to the Commissioner of Inland Revenue to have the registration cancelled and state in the letter the date the business ceased to carry on all taxable activities and whether or not the person intends to carry on any taxable activity within 12 months from that date.
  • Give reason in the letter for the cancellation of registration.
  • If the taxpayer was registered under voluntary registration, the person may only apply for the cancellation of the registration after the expiration of a period of two years from the date registration took effect.
  • Notify the Commissioner within 21 days from the date of such cessation.
  • A person whose registration is to be cancelled shall be deemed as having made a taxable supply  for a value equal to the open market value of any goods (including capital goods) on hand in respect of which input tax deduction was allowed. 
  • IRD Official will inspect the business to verify the closure and may request the bank statement.

When Commissioner become satisfied, will notify the person in writing of the date the cancellation takes effect.