- VAT registration is now mandatory once annual taxable turnover or supplies exceed N$1,000,000 in any 12-month period.
- This threshold was raised from N$500,000 under recent tax amendments.
- Registered businesses must charge 15% VAT on standard-rated sales.
- They must also issue compliant tax invoices and file regular VAT returns through the ITAS portal.
Source: x.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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