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General Revenue Account

Open to additional direct deposits and EFTs

Namibian Tax Alert 02/2015

Per a press release issued by the Ministry of Finance on 14 January 2015, Electronic Funds Transfers and Direct deposits may be made into Inland Revenue’s General Revenue Account in respect of the following taxes and duties:

  • Non-resident Shareholders’ Tax
  • Tax on Royalties
  • Transfer duties
  • Stamp Duties

 

The Bank account details are:

Account Number: 165001

Branch: 980172

 

To assist Inland Revenue with allocating these types of payments the following reference numbers must be used. Each deposit reference number begins with a compulsory three (3) letter sequence, followed by a minimum of fifteen (15) character. Based on further consultations with Inland Revenue the remaining fields should ideally reflect the information as illustrated below

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