Get the Receiver on your side with TaxTim

Given the looming income tax deadline, Standard Bank Namibia decided to assist private banking clients to complete their income tax returns efficiently and correctly through a digital system called TaxTim.

These clients will have to access to the TaxTim Namibia website free of charge. TaxTim is a digital tax assistant which helps taxpayers complete and file their tax return quickly, easily and correctly online.

Through this platform, clients can obtain all three of the Namibian tax returns. Salaried individuals, including pensioners, use the brown return form, employees with salary structures and allowances and other income rentals or investments use the blue return form, while the yellow return form is meant for business owners or farmers.

“We would like to encourage all our private banking customers to make use of this opportunity of getting their tax records sorted out,” says Britt du Plessis, head of private banking at Standard Bank Namibia.

TaxTim will complete your tax return for you instantly putting everything in the right place. All you have to do is simply answer a series of questions in a conversation with Tim on the TaxTim website and he will complete your return based on your responses. TaxTim will add up all the amounts and calculate your tax liability/refund.

Once done, you can then simply print and sign the tax return and submit it to Inland Revenue. As TaxTim will remind you, it is important to print two copies and ask Inland Revenue to date stamp the second copy as proof that your return was submitted.

Standard Bank Namibia appreciates the window of opportunity that the government has granted to all taxpayers with outstanding debt to get into the tax net in a meaningful way, it said in a statement.

Since February the bank has been supporting its private and business banking clients through granting them financial assistance in the form of a loan to cover for outstanding debt.

“The added cash flow assisted them to pay off the debts in a manageable way over a certain period of time. This was our way of offering financial planning for our clients and assisting them in sorting out their tax situation,” says Du Plessis.