Namibia Compliance Report

Regulatory Overview

Regulatory Status

Dedicated crypto/VA legislation, licensing regime, active enforcement

Key Regulator(s)

Bank of Namibia Position Paper Virtual Assets, Bank of Namibia's August

Primary Legislation

Existing statutes such as the Namibia Anti-money Laundering Act provide a founda, The primary investment legislation remains the Foreign Investment Act of 1990 (F, Act No. 20 of 1998, Companies are regulated under the 2004 Companies Act, which covers both domestic, The Namibia Investment Promotion Act (NIPA) has been gazetted since 2016 but rem, The proposed New Equitable Economic Empowerment Bill (NEEEB), which has been und, Without FATF-aligned virtual asset regulations, Namibia risks international scru

Travel Rule

Not adopted

Tax Reporting

Businesses and Professional Traders: Companies or individuals whose primary business involves trading cryptocurrencies, providing crypto-related services, or mining.. Namibia levies no general capital gains tax, so the taxability of a crypto disposal turns on the section 1 gross-income definition in the Income Tax Act 24 of 1981, which brings in the total amount, in cash or otherwise, received by or accrued to a person from a source within or deemed to be within Namibia but excludes receipts and accruals of a capital nature; the Namibia Revenue Agency has published no crypto-asset guidance and no badges-of-trade test of its own.. Crypto received from mining is taxed in Namibia, if at all, through the section 1 gross-income definition in the Income Tax Act 24 of 1981, which counts the total amount, in cash or otherwise, received by or accrued to a person from a Namibian source and excludes receipts of a capital nature; the Act prescribes no valuation rule for virtual assets and the Namibia Revenue Agency has issued no mining guidance.. Namibian tax law uses gross income and taxable income rather than ordinary income, and staking, lending or decentralised finance rewards are taxable only where they fall inside the section 1 gross-income definition of the Income Tax Act 24 of 1981; the Namibia Revenue Agency has published no guidance on staking, lending or decentralised finance.. Remuneration paid in crypto is taxable in Namibia because section 1 of the Income Tax Act 24 of 1981 defines gross income as the total amount, in cash or otherwise, received by or accrued to or in favour of a person from a source within or deemed to be within Namibia; the Act prescribes no conversion rule for virtual assets and the Namibia Revenue Agency has published no crypto guidance on employment income.

Key Facts

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