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REPUBLIC OF NAMIBIA MINISTRY OF FINANCEINLAND REVENUE60/0014B 2011SELFASSESSMENT RETURN OF INCOME: INDIVIDUAL SALARIED PERSON/PENSIONER (Income Tax Act, 1981) Year of assessment: 1 March 2010 to 28
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What is self-assessment return of income?
Self-assessment return of income is a tax return form that individuals must fill out and submit to report their income, taxes paid, and any deductions or exemptions they are eligible for.
Who is required to file self-assessment return of income?
Individuals who have income sources that are not subject to tax withholding, such as self-employment income, rental income, or investment income, are required to file self-assessment return of income.
How to fill out self-assessment return of income?
To fill out self-assessment return of income, individuals must gather all relevant financial information, such as income statements, receipts, and proof of deductions, and use this information to complete the sections of the tax return form accurately.
What is the purpose of self-assessment return of income?
The purpose of self-assessment return of income is to calculate an individual's tax liability based on their income and deductions, and to ensure that they have paid the correct amount of taxes to the government.
What information must be reported on self-assessment return of income?
Information such as all sources of income, taxes paid, deductions claimed, exemptions taken, and any other relevant financial details must be reported on self-assessment return of income.
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