Hamilton Chartered Accountants

01/05/2026

🇳🇦 Got a Namibian tax question?

Ask our AI Tax Assistant — free.

Hamilton Chartered Accountants has launched an AI-powered tax assistant trained on Namibian tax legislation.

Whether you're wondering about VAT registration thresholds, withholding tax on services, individual tax brackets, or how a Double Taxation Agreement applies to your situation — ask it directly and get a sourced answer in seconds.
✅ Covers Income Tax, VAT, and DTAs
✅ Cites the actual legislation behind every answer
✅ Free to use
✅ Built by Namibian accountants, for Namibia

Try it now 👉 https://hca-tax-chatbot-2-production.up.railway.app/

Have a complex matter that needs professional attention? We're in Windhoek and Walvis Bay.

Get in touch — the humans behind the bot are happy to help too. [email protected]

01/08/2025

A huge milestone for one of Namibia’s most trusted names in motor retail. From humble beginnings to five decades of reliable service, Spes Bona Motors has driven quality, integrity, and customer care every step of the way.

Here’s to the journeys made, the relationships built, and the road ahead. Happy 50th anniversary! 🥂

🎉 Spes Bona is turning 50! 🧡

Join us this Friday, 1 August from 08:00 – 17:00 at Spes Bona Motors:
📍Independence Ave cnr Mont Blanc 20, for a birthday bash like no other!

🔥 Worsie on the braai
💸 N$2,000 cash giveaway
🚗 Prime -1% WesBank deal
🎶 Live vibes with Kosmos 94.1 and Radiowave

Don’t forget to post a pic of your Spes Bona ride with on Facebook or Instagram!
Let’s celebrate 50 years of steering you right! 🥳

06/06/2025

💰 "Thinking of Drawing Dividends or Member Distributions? Here’s What You Should Know (2025 Update)"
We’re getting more and more questions lately about how to take money out of your business — especially from Close Corporations (CCs) and (Pty) Ltd companies.

Here’s the key distinction:

➡️ (Pty) Ltd Companies pay dividends to shareholders
➡️ CCs distribute profits to members via member accounts (not called ‘dividends’ but often treated similarly for tax purposes)

With the Income Tax Amendment Act (2024) introducing a 10% withholding tax on dividends from 1 Jan 2026, many owners are asking:

“Should we declare dividends now? Or distribute profits another way?”

✅ You can still distribute retained income to a loan or member account — but this must be properly documented and based on available profits.
❌ What you can’t do is disguise salary-type payments or personal expenses as distributions — that’s a quick way to attract audit attention.

📌 Tip: If you're a CC, and your business made profits over the last few years, it might be wise to formalise distributions before the new dividend tax regime tightens up — but only with proper resolutions and accounting support.

📅 Smart businesses plan ahead — declare dividends or distributions before the 10% kicks in Jan 2026.

👀 Want to understand your options before year-end?
We’re happy to help you evaluate what’s allowed and how to document it cleanly — especially if your financial year ends June 2025.

26/05/2025

Tax changed. Has your strategy? Let Hamilton Chartered Accountants make sure you’re covered.

26/05/2025

Need help getting your VAT right? Let’s talk before NamRA does.

26/05/2025

🔍 VAT Zero-Rating for Going Concern Sales in Namibia

Selling a business as a going concern can be VAT zero-rated if specific conditions are met. This includes selling the entire business or a substantial part that allows the buyer to continue operations without major changes.

💡 Key Requirements:
• Both buyer and seller must be VAT-registered.
• The business must be actively trading at the time of sale.
• The sale agreement must state it’s a going concern and zero-rated.
• Transfer must occur within 21 days of signing the agreement.

🏢 Selling Buildings as Part of a Business:
• Buildings can be zero-rated if they are integral to the business being sold.
• If the building is sold separately or without an active business, VAT will apply.
• Clearly define the transaction as a going concern in the sale agreement.

🚩 Common Pitfalls:
• Missing the 21-day transfer deadline.
• Selling only assets, not the full business, without stating it’s a going concern.
• Failing to maintain the same business activity post-sale.

At Hamilton Chartered Accountants, we guide clients through VAT-compliant sales. Get in touch to ensure your next transaction qualifies for zero-rating.

19/05/2025

🏠 Selling Your Residential Property from a CC/Trust/Pty? Here’s What You Need to Know!
If you own a residential property through a Close Corporation (CC), Trust, or Pty Ltd, and plan to sell it, there are some important steps to follow to avoid unexpected costs and compliance issues:
1. Inform Your Accountant
Selling a property from a CC, Trust, or Pty does not automatically close the entity or cancel its obligations with BIPA and NAMRA. The entity remains active, and you may still need to pay annual duties and submit returns.
2. Tax Recoupment
When you sell a property that you’ve claimed allowances on (e.g., 20% initial write-off), you might have to pay back the portion claimed (known as recoupment). Make sure your accountant checks this before finalizing the sale.
3. Deregistration Isn’t Automatic
If the CC, Trust, or Pty no longer holds assets after the sale, you’ll need to formally deregister it with BIPA and NAMRA to avoid ongoing fees. Simply selling the property doesn’t end the entity’s legal existence!
⚠️ Common Issue: Lawyers and estate agents often don’t inform clients about these requirements, leaving property owners shocked when they receive a bill for taxes or annual duties later.
👉 Take Action: Always talk to your accountant before selling your property from a CC, Trust, or Pty to understand your obligations and avoid unnecessary costs.

13/05/2025

Leveraging Tax Breaks: Hiring Interns in Namibia

Did you know that hiring interns can reduce your tax burden? In Namibia, businesses that employ young Namibians through the National Internship Programme or under the Youth Tax Incentive can benefit from significant tax breaks.

💡 Key Benefits:
• Employers can claim deductions for salaries paid to qualifying interns.
• Reduced payroll costs through government-backed incentives.
• Encourages youth employment and skills development while supporting business growth.

🔑 What You Need to Know:
• Interns must meet age and qualification criteria to be eligible.
• Your business must register with the relevant government program to access the tax benefits.
• Proper documentation of employment and remuneration is essential to claim the deduction.

✅ Take Advantage:
By strategically employing interns, businesses not only save on taxes but also invest in the next generation of skilled professionals. At Hamilton Chartered Accountants, we assist clients in optimizing their hiring practices to maximize tax incentives.

Get in touch to learn how your business can benefit!

21/02/2025

📢 Provisional Tax Reminder and Namibia’s Tax Update – What You Need to Know! 📢

Big changes are here! Namibia’s Income Tax Act has been updated.

🔹 New Limit on Assessed Losses: Businesses can only offset up to N$1 million or 80% of taxable income, whichever is higher.

🔹 Loss Carryforward Rules: Most businesses can carry losses forward for up to 5 years, Mining, petroleum & green hydrogen sectors get 10 years.

📌 Provisional Tax Reminder!

• February year-end? Your second provisional tax payment is due by 28 February 2025.

• August year-end? Your first provisional tax payment is also due by 28 February 2025.

Don't miss these important deadlines—plan ahead and stay compliant!

Need help? We’ve got you covered! 📞📩 Contact us today. [email protected]

Call now to connect with business.

13/02/2025

Vacancy
Hamilton Chartered Accountants

We are looking for a highly motivated bookkeeper with office administration skills

Responsibilities
- Bookkeeping and payroll specialist
- Office administration specialist
- Knowledge of ITAS, how to do all submissions on it and to resolve any issue with NAMRA
- Ability to manage and educate a team of future bookkeepers and accountants
- Management of human resource personnel and skills

Education and Experience
- VIP Payroll Expert
- Computer Literate (MS Office)
- Pastel Expert
- NAMRA expert
- Proven track record
- Namibian Citizen
- Driver’s License
- 5 to 10 years of experience in the field
- a degree or diploma in accounting or business management, would be a bonus

Competencies
- Work systematically and adhere to agreed standards
- Ability to work accurately under pressure
- Uncompromising approach toward service ethics
- Be able to perform in a team environment
- Fluent in English
- Proactive problem solving
- Good time management
- Positive attitude
- Prepared to work overtime
- Always ready to accept a challenge.

If this proves to be the challenge you are looking for please send your CV with the subject of the email – Bookkeeper/Office administrator and your name to [email protected]

Closing date 3de of March 2025

Only qualified candidates will be contacted