Hi, I have just completed your online tax return, but got stuck with the following problem: I have deductions for Provident Fund (N$33 906) and Retirement A/F (N$15 050) which add up to N$48 956. The online tax return add it up to N$40 000. Is there an explanation for this difference of N$8 956 when final computing of tax payable is done?
What is the guidance received from Inland Revenue with regards to the taxability of motor vehicle allowances (PAYE). Per Practice Note 3 of 2001 it says that for a bona fide allowance PAYE does not need to be withheld, but is this best practice and acceptable practice to Inland revenue?