Blog Q&A Calculators Students Logbook Contact
CLOSE
Need help with your 2017 tax return?

Get your tax return DONE in 20 minutes or less with TaxTim!

Try TaxTim now

Wear and Tear

Calculate wear and Tear / Tax Depreciation

Wear and Tear or Depreciation is the decrease in value of an asset. Inland Revenue allows you to deduct this decrease each year for the next 3 years from the date the assets was bought. For example if your car cost N$60,000 in the 2014 tax year, you can depreciate the car by N$20,000 each year until 2016 and claim the N$20,000 as a deduction, therefore paying less tax!


Let TaxTim
help you
submit your
Tax returns!



TaxTim will help you:
  • Do Your Tax Return Easily
  • Avoid penalties
  • Save money
Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Get started