Penalties and Interest Penalties and Interest

 

Penalities

  • Income Tax(ITX)

10% on amount due for payment/on unpaid tax.

  • Provisional Tax(PTX)

Reasons

Penalties

Underestimation

100 per cent additional tax on tax payable less PTX and ETX PAID

Late submission of return

N$100 for each day the return remain outstanding

Late payment of tax due

10% per month or part thereof

 

 

  • Employees Tax(ETX)
  • Value Added Tax(VAT)
  • (VIA)

Interest

20% on amount due for payment/ on unpaid tax