Sanctions screening for Namibian accountants: a practical guide
The FIC circulates every change to the UN Security Council sanctions lists, and in 2026 it has already done so more than once. Each update requires accountable institutions to re-screen. This guide explains who the rules apply to, how to screen clients and the people behind them, how to tell a possible match from a confirmed one, when to freeze and report, and what records to keep. It includes a worked example and a staged checklist.
Beyond the outbreak: how CIBA Namibia members can help farmers build financial resilience during FMD
Namibia's foot-and-mouth disease outbreak has disrupted livestock sales, slaughter and exports far beyond //Kharas, and for many farmers income has stopped while costs continue. This guide shows CIBA Namibia members how to assess a farming client's cash runway, model scenarios, approach lenders early, record FMD costs and check the tax position, and, once the crisis passes, how to build a farm that can withstand the next shock. It includes a farm risk register for client conversations.
Accountability for State Funds Starts Before the Audit
N$75 billion of Namibian government spending came with qualified audit opinions, compared with just N$11 billion rated clean. That does not mean money was stolen, but it does raise hard questions. Could professional accountants, including CIBA members, help catch problems at the very first transaction, long before the Auditor-General arrives?
Namibia Loses N$16.7 Billion to Illicit Financial Flows
N$16.7 billion left Namibia through illicit financial flows between 2022 and 2024. Accountants usually see the warning signs long before any regulator does: the payment with no commercial substance, the ownership structure that suddenly changes, the invoice that does not match the customs record. The question is what happens next.
Tax Reconciliations in Namibia: A Practical Guide for Accountants
Your client's NamRA account shows an amount payable. But is the number actually correct?
A tax reconciliation does more than check whether payments were recorded. It tests whether the assessment itself is right under Namibian law. Those are two different problems, and confusing them leads to paying amounts you don't owe, or objecting through the wrong channel. This article walks you through the nine steps that turn a confusing ITAS statement into a clear, defensible answer.
Namibia’s Key Legislative Updates in 2026
Namibia is heading into one of its busiest reform years yet, and 2026 will test how prepared accountants, auditors and business advisors really are. A dedicated Tax Court is on the cards, NamRA is pushing hard toward e-invoicing and real-time data, anti-money laundering rules are tightening, and Parliament is reshaping the regulator that governs the accounting profession itself. Add SEZ reforms, NEEEF, and a sharper focus on governance and procurement accountability, and the message is clear: reactive compliance will no longer be enough. In this article we look at the six developments every professional should be tracking right now, and what they mean for the future shape of the profession.
Section Assessed Losses and Tax Laws - How Does It Work?
If your Namibian clients have been sitting on large assessed losses and assuming they can use them whenever they like, they may be wrong. As of 1 January 2024, the rules have changed: losses can now expire, and the amount you can offset in any given year is capped. With NamRA's ITAS system still catching up and a new filing deadline of 31 October 2026, now is the time to review your clients' loss schedules, update your tax estimates, and make sure no one gets an unexpected tax bill for income they thought was covered.
Rethinking the Role of Accountants: Internal Control Watchdogs, Not Just Financial Auditors
Still think accountants just crunch numbers and close books at year-end? It’s time to rethink that. Behind a company’s near-collapse and millions gone missing lies a stark lesson: the real failure wasn’t just fraud, it was the lack of early intervention. This article reveals how today’s accountants can (and must) step up as proactive risk watchdogs, helping businesses prevent losses, tighten governance, and protect their reputation.