Namibia Tax News
In addition, the Inland Revenue is currently unable to except electronic fund transfers. Thus, payments to Inland Revenue in excess of NAD 500,000 will have to be made by way of a direct bank transfer, i.e. the taxpayer will have to request that its bank transfer the funds to Inland Revenue's bank account.
A tax reference number (whether relating to income tax, VAT, Import VAT, PAYE, etc.) should be included on the bank transfer documentation to enable Inland Revenue to correctly allocate the amount.