Namibia - PricingNamibia - Pricing
Because the majority of products are imported from South Africa, most industry prices are derived from South African prices. The Namibia dollar (N$) is pegged 1:1 to the South African Rand. Goods and services are priced in Namibian dollars, though South African Rand are accepted as legal tender in Namibia.
A registered company or person is required to pay Value Added Tax (VAT) on the supply of most goods and services. VAT is also payable on the purchase and import of most goods and some services. Most goods are taxable at the standard rate of 15percent although some supplies and imports are subject to the higher rate of 30percent. Local prices of goods and services normally include VAT.
Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.
A registered company or person is required to pay Value Added Tax (VAT) on the supply of most goods and services. VAT is also payable on the purchase and import of most goods and some services. Most goods are taxable at the standard rate of 15percent although some supplies and imports are subject to the higher rate of 30percent. Local prices of goods and services normally include VAT.
Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.