On line tax return does not add up correctly?

George says:
28 June 2017 at 23:56

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?

This entry was posted in Tax Q&A and tagged , , . Bookmark the permalink.

TaxTim TaxTim says:
29 June 2017 at 3:19

Yes, the explanation is that you are only allowed to claim a limit of N$40,000 per annum for contributions made to pension, retirement,annuities an study policies per annum. If you claim more, Inland Revenue will deny the claim. So TaxTim automatically limits the claim.

Get Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.