[{"faqID":"7","question":"What is a Cargo Manifest?","answer":"A cargo manifest is a listing of the goods comprising the cargo (freight) carried by a means of transport. The cargo manifest describes the particulars of the goods, such as transport documents numbers, consignors, consignees, marks and numbers, number and kind of packages, descriptions and quantities of the goods. Certain cargo manifests may be used in place of cargo declarations. ","faqLink":"faqs\/faq\/what-is-a-cargo-manifest\/"},{"faqID":"1","question":"What is Gross Income?","answer":"The total amount, in cash or otherwise, received by or accrued in favour of a person during such year or period of assessment from a source within or deemed to be within Namibia, excluding receipts or accruals of a capital nature. \u2013 as defined per Section 1 of Income Tax Act 24 of 1981.","faqLink":"faqs\/faq\/what-is-gross-income\/"},{"faqID":"2","question":"What is Value-Added Tax?","answer":"A value-added tax (VAT) is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale. The amount of VAT that the user pays is on the cost of the product, less any of the cost of materials used in the product that have already been taxed. In Namibia, VAT is charged at 15%.","faqLink":"faqs\/faq\/what-is-valueadded-tax\/"},{"faqID":"5","question":"What is ASYCUDA?","answer":"The Automated SYstems for CUstoms DAta  (ASYCUDA) is a computerized customs management system which handles manifest and customs declarations, accounting procedures, transit &amp; suspense procedures and generate trade data that can be used for statistical economic analysis. ","faqLink":"faqs\/faq\/what-is-asycuda\/"},{"faqID":"4","question":"Who is classified as a taxpayer representative?","answer":"Any natural person who provide advice to other person about the application of Tax law or completes or assist with the completion of a return for another person.<br\/><br\/>A company carrying on business or having an office in Namibia is required to appoint an individual (known as a Public Officer) resident in Namibia, to represent it for tax purposes. A company's auditors may not hold office as its Public Officer. In addition, a company must have an address in Namibia at which any official tax notices or documents may be delivered.","faqLink":"faqs\/faq\/who-is-classified-as-a-taxpayer-representative\/"},{"faqID":"10","question":"What is the Export Processing Zone (EPZ)?","answer":"An Export Processing Zone is a defined area, which is inside Namibia but for normal circumstances will be considered to be outside the Customs territory of Namibia.  In the area defined as Export Processing Zone certain lawful activities can be conducted with the minimum of formalities.  A Zone provides a site where operations involving foreign and domestic merchandise can take place which otherwise might have been done abroad for tariff and trade reasons.","faqLink":"faqs\/faq\/what-is-the-export-processing-zone-epz\/"},{"faqID":"12","question":"What is the Inspection Act?","answer":"Within ASYCUDA system, the means for examination reporting is called the inspection act, which is electronically attached to the specific declaration. If a Customs officer amends a registered or assessed declaration the system prompts completion of the inspection act. This gives the Customs officer the opportunity to explain the reason for amendment and to record any cross-references to related Customs action - such as investigation or penalties.","faqLink":"faqs\/faq\/what-is-the-inspection-act\/"},{"faqID":"14","question":"What does re-importation in the same state mean?","answer":"Re-importation in the same state is the Customs procedure under which goods which were exported and were in free circulation, or were compensating products may be taken into home use free of import duties and taxes, provided that they have not undergone any manufacturing, processing or repairs abroad. Any sums chargeable as a result of repayment, or remission, or of conditional relief from duties and taxes, or of any subsidies, or other amounts granted at exportation, must be paid. ","faqLink":"faqs\/faq\/what-does-reimportation-in-the-same-state-mean\/"},{"faqID":"6","question":"What is the ATA Carnet?","answer":"An ATA carnet is an international Customs document, which is used for the temporary duty-free importation of goods into a country in lieu of the usual customs documents, required.<br\/><br\/>Participating countries accept the carnet as a guarantee against the payment of customs duties and import taxes, which may become due on goods temporarily imported and not re-exported.  <br\/><br\/>ATA stands for the combined French and English words Admission Temporaire-Temporary Admission.  Namibia is a participating country and ATA Carnets are acceptable in lieu of SAD 500\u2019s for temporary importations.","faqLink":"faqs\/faq\/what-is-the-ata-carnet\/"},{"faqID":"13","question":"What does NAMSAD mean?","answer":"NAMSAD means an acronym for the Namibia Customs and Excise Single Administrative Document (The SAD 500\/501, 502 and 503). ","faqLink":"faqs\/faq\/what-does-namsad-mean\/"},{"faqID":"11","question":"What are Export Processing Zone Enterprises and Certificates?","answer":"An individual business wishing to establish either in a Zone or as a single unit factory is known as an Export Processing Zone Enterprise.  In order to operate as part of an Export Processing Zone they must apply through the appropriate management company for an Export Processing Zone Enterprises Certificate.  To operate as a single unit factory they must apply for an Export processing Zone Single Factory Certificate.  Only when they are in possession of a certificate are they entitled to the facilities available to an EPZ.","faqLink":"faqs\/faq\/what-are-export-processing-zone-enterprises-and-certificates\/"},{"faqID":"15","question":"What is a surety bond?","answer":"A surety bond is the Customs procedure under which goods which were exported and were in free circulation, or were compensating products may be taken into home use free of import duties and taxes, provided that they have not undergone any manufacturing, processing or repairs abroad. Any sums chargeable as a result of repayment, or remission, or of conditional relief from duties and taxes, or of any subsidies, or other amounts granted at exportation, must be paid. ","faqLink":"faqs\/faq\/what-is-a-surety-bond\/"}]