The onus is on the tax payer to prove that certain amounts are of a capital nature. If there is a dispute and the case goes to court, the court will take into account certain factors in reaching a decision. Which of the following is not a factor to consider? a) The intention of the taxpayer b) The objective of the taxpayer c) The period the assets are held d) The type of asset held
1. Mrs Martha retires and is paid a pension retirement of N$10 000 per month from a
fund in Botswana. She has spent the last 9 years of her 16 years of service in
Namibia. What is the amount deemed to be Namibian source income for the specific
year of assessment?
a) N$ 5 625
b) N$ 90 000
c) N$ 67 500
d) N$ 17 778
2. The onus is on the tax payer to prove that certain amounts are of a capital nature. If
there is a dispute and the case goes to court, the court will take into account certain
factors in reaching a decision. Which of the following is not a factor to consider?
a) The intention of the taxpayer
b) The objective of the taxpayer
c) The period the assets are held
d) The type of asset held
3. Ms Charon has been working in Namibia for the past 5 months. She is an employee
of a company operating in Britain and was sent to Namibia to supervise the opening
of the company’s new branch in Oshakati. The salary that she has earned for the five
months is taxable in Namibia.
a) True
b) False
4. Sara Maneti has recently retired after a long career in the mining industry of
Namibia. Upon retirement, she received N$ 250 000 lump sum from her employer.
She used N$ 180 000 to purchase an annuity from a foreign insurance company.
What amount should the lump sum from employer be in order to be taxable in three
equal instalments, starting in the year of payment and two following years?
a) Over N$ 500 000
b) Over N$ 300 000
c) Over N$ 200 000
d) Under N$ 300 000
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