DOCSLIB.ORG

Doing Business in Germany 2017

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Doing Business in Germany 2017 Doing business in Germany 2017 Moore Stephens Europe PRECISE. PROVEN. PERFORMANCE. Doing business in Germany 2017 Introduction The Moore Stephens Europe Doing Business In series of guides have been prepared by Moore Stephens member firms in the relevant country in order to provide general information for persons contemplating doing business with or in the country concerned and/or individuals intending to live and work in that country temporarily or permanently. Doing Business in Germany 2017 has been written for Moore Stephens Europe Ltd by Moore Stephens Deutschland AG. In addition to background facts about Germany, it includes relevant information on business operations and taxation matters. This Guide is intended to assist organisations that are considering establishing a business in Germany either as a separate entity or as a subsidiary of an existing foreign company It will also be helpful to anyone planning to come to Germany to work and live there either on secondment or as a permanent life choice. Unless otherwise noted, the information contained in this Guide is believed to be accurate as of 1 September 2017. However, general publications of this nature cannot be used and are not intended to be used as a substitute for professional guidance specific to the reader’s particular circumstances. Moore Stephens Europe Ltd provides the Regional Executive Office for the European Region of Moore Stephens International. Founded in 1907, Moore Stephens International is one of the world’s major accounting and consulting networks comprising 276 independently owned and managed firms and 626 offices in 108 countries around the world. Our member firms’ objective is simple: to be viewed as the first point of contact for all our clients’ financial, advisory and compliance needs. They achieve this by providing sensible advice and tailored solutions to help their clients achieve their commercial and personal goals. Moore Stephens member firms across the globe share common values: integrity, personal service, quality, knowledge and a global view. Brussels, November 2017 Doing business in Germany 2017 Contents Capital gains 14 Contents Deductions 15 Dividends, interest and royalties 15 1. Germany at a glance 1 Group Taxation 16 Geographical location and population 1 Tax losses 17 Language and climate 1 Sample calculation 17 Politics and government 1 Thin capitalisation / Interest restriction 18 Currency, time zone, weights and measures 1 Transfer pricing 18 General economic outlook 2 Controlled Foreign Company (CFC) Rules 18 2. Doing business 3 Withholding taxes on outbound payments 18 Main forms of business organisation 3 Rate of corporate income tax 19 Introduction 3 Assessment procedure 20 Joint-Stock company (Aktiengesellschaft – AG) 3 Returns and payments 20 Limited-Liability company (Gesellschaft mit Appeals 20 beschränkter Haftung – GmbH) 3 Trade tax (Gewerbesteuer) 20 Partnerships 4 Tax rates 20 Branch of a foreign company 5 Basis of calculation 20 European Company (Societas Europaea) 5 Deductibility 21 Labour relations and working conditions 6 Value added tax 21 Working hours 6 Taxable entities 21 Notice periods 6 Taxable activities 21 Wages, fringe benefits and other regulations 6 Exempt supplies 22 Holidays 7 Standard, reduced and zero rates 22 Social security system 7 Registration 22 Trade unions and workers’ councils 7 Returns and payment 22 Working conditions 7 7. Personal taxation 23 Work permits, visas etc. 7 Income tax (including capital gains taxes) 23 Starting business in Germany 8 Territoriality and residence 23 3. Finance and investment 9 Persons liable 23 Business regulation 9 The family unit 23 Banking & finance 9 Categories of income 23 Banking system 9 Taxation of employment income 24 Capital Markets 9 Taxation of personal business income Exchange Controls 9 & income from self-employment 24 Incentives for investment 10 Taxation of investment income 25 4. The accounting and audit environment 11 Private capital gains and losses 25 Accounting regulations & the audit requirement 11 Allowances and deductions 26 5. Overview of the tax system 13 Tax rates 26 Main taxes 13 Returns and payments 27 Tax authorities 13 Appeals 27 6. Taxes on business 14 Trade tax 27 Corporate Income Tax 14 Inheritance and gift taxes 27 Scope and Extent 14 Reliefs and allowances 28 Residence 14 Rates 29 Taxable entities 14 Wealth tax 29 Income calculation 14 8. Other taxes 30 Doing business in Germany 2017 Property and property transfer taxes 30 Property tax 30 Immovable property transfer tax (IPTT) 30 9. Social security contributions 31 Employers and employees 31 The self-employed 31 10. Moore Stephens in Germany 32 Appendix 1: Double tax treaties 33 Comprehensive double tax treaties 33 Double tax treaties: air transport and shipping 34 Double tax treaties: estates, gifts and inheritances 34 Agreements on mutual administrative assistance 34 Social security agreements 35 Appendix 2: Moore Stephens around the world 36 Doing business in Germany 2017 1. Germany at a glance Geographical location and population Germany is the most populous country within the European Union. It borders on nine other countries: Denmark, the Netherlands, Belgium, Luxembourg, France, Switzerland, Austria, the Czech Republic and Poland. As of September 2015, the population of Germany was estimated at 82.175 million inhabitants, living in an area of 357 000 km2 (a population density of 230 inhabitants per square kilometre). The population is currently increasing by 1.19% per year (Dec. 2015 – Dec. 2016). Due to immigration, the rate of growth has increased by 0.32 of a percentage point. At the end of 2016, about 8.96 million individuals without German citizenship were living in Germany (compared to about 7.77 million at the end of 2015), which is about 11% of the population. Most of them have migrated from Turkey, former Yugoslavia, Italy, Poland or Greece. Germany is a federation of 16 states (Bundesländer). Its capital is Berlin; other main cities are Hamburg, Munich, Cologne and Frankfurt. Language and climate The official language in Germany is German, which belongs to the Germanic branch of the Indo-European family of languages. The climate in Germany is moderate, being influenced by the Gulf Stream and thus resulting in fairly moderate temperatures in relation to the latitude. Politics and government Germany is a democratic republic with a federal system of government. Certain powers lie with the 16 federal states, others are reserved to the federal government. As in all western democracies, the separation of powers into legislative, executive and judicial is one of the cornerstones of the German constitutional system. As Head of State positioned above these three constitutional powers is the Federal President (Bundespräsident), the incumbent being Frank-Walter Steinmeier, elected for a five-year term by the Federal Convention (Bundesversammlung, an electoral body composed of members of parliament and representatives of the federal states). The president’s function is largely ceremonial. The Head of the German Government is the Federal Chancellor (Bundeskanzler), and the holder of that office since 2005 is Angela Merkel. Following the general election in September 2017, she is negotiating to form a new coalition. Her previous government, which remains in office in the interim, was a ‘grand coalition’ of her own centre-right Christian Democratic/Christian Social Union party (CDU/CSU) and the centre-left Social Democratic Party (SPD). The SDP has announced that it will be going into opposition. The German Parliament consists of two houses with distinctive roles: the federal assembly (Bundestag) and the assembly of the representatives of the 16 federal states (Bundesrat). The Bundesrat consists of members of the governments of the 16 German states, delegated by the state governments. Members of the Bundestag are elected directly in single-member constituencies (by simple plurality) or via a regional party list (by proportional representation) for four-year terms. Currency, time zone, weights and measures The euro (ISO designation: EUR) is the unit of currency. One euro is composed of 100 cents. The European Central Bank is the central banking entity that manages the European currency. At the time of going to press (mid-November 2017), the euro was quoted against the US dollar at EUR 1 = USD 1.1779. In Germany, there is a single time zone, Central European Time (CET), being GMT (Greenwich Mean Time) +1. In summer, Germany follows the daylight-saving time system (DST), starting on the last Sunday in March and ending on the last Sunday in October, during which time clocks are advanced by one hour. Germany uses the metric system of weights and measures (the MKS system). Temperature is measured in degrees Celsius. Moore Stephens Europe 1 Doing business in Germany 2017 General economic outlook In 2008, Germany, together with most other economies, was hit by the global financial crisis. However, the unemployment rate did not significantly increase and was down to 5.6% in July 2017. Inflation rates in Germany are very moderate; after 2.0% in 2012, 1.5% and 0.9% were recorded in 2013 and 2014, respectively. The annual inflation rate in May 2015 was 0.7% and in June 2016 it was down to 0.3%. For 2017 the forecast for annual inflation is 1.7%, conditioned by increasing energy costs. 2 Moore Stephens Europe Doing business in Germany 2017 2. Doing business Main forms of business organisation Introduction The most important forms of business organisations in Germany are: Table
Load more

Recommended publications
  • Namibia Deloitte Taxation and Investment Guides Contents
    Oil and gas taxation in Namibia Deloitte taxation and investment guides Contents 1.0 Summary 1 6.0 Transactions 4 6.1 Capital gains 4 2.0 Corporate income tax 1 6.2 Asset disposals 4 2.1 In general 1 6.3 Like-kind exchanges and 2.2 Rates 1 involuntary conversions 4 2.3 Taxable income 1 7.0 Withholding taxes 5 2.4 Revenue 2 7.1 Dividends 5 2.5 Deductions and allowances 2 7.2 Interest 5 • Leasehold costs 7.3 Royalties 5 • Geological and geophysical costs 7.4 Other 5 • Intangible drilling and development costs 7.5 Tax treaties 5 • Depreciation 8.0 Indirect taxes 5 • Depletion 8.1 Value added tax, goods and 2.6 Losses 3 services tax, and sales and use tax 5 2.7 Foreign entity taxation 3 8.2 Import, export, and customs duties 6 3.0 Other corporate income tax 3 8.3 Excise tax 6 3.1 Additional profits taxes 3 8.4 Stamp tax 6 3.2 State taxation 3 8.5 State and municipal 6 3.3 Municipal taxation 3 9.0 Other 7 4.0 Tax incentives 3 9.1 Choice of business entity 7 4.1 Research and development 3 9.2 Foreign currency 7 5.0 Payments to related parties 4 10.0 Oil and gas contact information 8 5.1 Transfer pricing 4 5.2 Thin capitalization 4 5.3 Interest deductibility 4 Deloitte taxation and investment guides www.deloitte.com/taxguides Oil and gas tax guide Tax professionals of the member firms of Deloitte Touche Tohmatsu Limited have created the Deloitte International Oil and Gas Tax Guides, an online series that provides information on tax regimes specific to the oil and gas industry.
    [Show full text]
  • Worldwide Estate and Inheritance Tax Guide
    Worldwide Estate and Inheritance Tax Guide 2021 Preface he Worldwide Estate and Inheritance trusts and foundations, settlements, Tax Guide 2021 (WEITG) is succession, statutory and forced heirship, published by the EY Private Client matrimonial regimes, testamentary Services network, which comprises documents and intestacy rules, and estate Tprofessionals from EY member tax treaty partners. The “Inheritance and firms. gift taxes at a glance” table on page 490 The 2021 edition summarizes the gift, highlights inheritance and gift taxes in all estate and inheritance tax systems 44 jurisdictions and territories. and describes wealth transfer planning For the reader’s reference, the names and considerations in 44 jurisdictions and symbols of the foreign currencies that are territories. It is relevant to the owners of mentioned in the guide are listed at the end family businesses and private companies, of the publication. managers of private capital enterprises, This publication should not be regarded executives of multinational companies and as offering a complete explanation of the other entrepreneurial and internationally tax matters referred to and is subject to mobile high-net-worth individuals. changes in the law and other applicable The content is based on information current rules. Local publications of a more detailed as of February 2021, unless otherwise nature are frequently available. Readers indicated in the text of the chapter. are advised to consult their local EY professionals for further information. Tax information The WEITG is published alongside three The chapters in the WEITG provide companion guides on broad-based taxes: information on the taxation of the the Worldwide Corporate Tax Guide, the accumulation and transfer of wealth (e.g., Worldwide Personal Tax and Immigration by gift, trust, bequest or inheritance) in Guide and the Worldwide VAT, GST and each jurisdiction, including sections on Sales Tax Guide.
    [Show full text]
  • The Economic Growth & Environmental Degradation Nexus
    People’s Democratic Republic of Algeria Ministry of Higher Education and Scientific Research University of Abou-Bekr Belkaid- Tlemcen Faculty of Economics, Commercial and Management Sciences Thesis submitted to the Department of Commercial Sciences in fulfilment of the Degree of Doctorate in International Commerce The Economic Growth & Environmental Degradation Nexus in Algeria Using the Fuzzy Logic Submitted by: Supervised by: LEMTAOUCH Latifa Pr. AKACEM Omar Board of Examiners: Pr. BENBOUZIANE Mohamed University of Tlemcen Chairman Pr. AKACEM Omar University of Adrar Supervisor Pr. BOUTELDJA Abdenacer University of Tlemcen Examiner Pr. BENSAID Mohamed University of Sidi Bel Abbes Examiner Pr. DERBAL Abdelkader University of Oran Examiner Dr. CHAKOURI Sidi Mohamed University Center of Maghnia Examiner Academic year:2017-2018 Dedication This project is essentially dedicated to our beloved bounteous land Algeria. I am immensely thankful to my notable teacher, colleague and supervisor Professor Akacem Omar for his guidance; pieces of advice, patience and encouragement throughout the preparation of this work, without your help, this work would not be accomplished. I am also eternally indebted to my distinguished teacher and assistant supervisor Doctor Cheikh Saous for his remarks and instructive criticism; his substantial help and consultations have pushed me to successfully conduct this scientific research. I am especially thankful to the various scholars who instructed me to complete the current project, especially Professor Researcher Arnold F. Shapiro for providing me with invaluable resources of information. Finally, I deeply express my gratitude to my colleagues, students, friends and family members for their constant moral support, especially my dearly treasured husband, Abd El Aziz, who values knowledge as a scholar should; my beloved parents for their constant support, my brothers and sisters and my all my friends, especially Zineb and Hadjer.
    [Show full text]
  • Télécharger Article
    Journal of the New Economy Volume: 12 / N° 2: (2021), p 79-78 The Relationship Between Select Macroeconomic Variables and Non- Hydrocarbon Tax In ALGERIA العﻻقة بين الجباية العادية و بعض المتغيرات اﻻقتصادية الكلية في الجزائر Hadjmaoui Toufik 1, Benatek Hanane 2 1 University of SAIDA. ALGERIA, [email protected] 2 University of MASCARA. ALGERIA, [email protected], Received: 31/8/2020 Accepted: 26/10/2020 Published: 15/1/2021 Abstract: The purpose of this research paper is to investigate the effect of real effective exchange rate (REER), inflation, economic growth and financial development on non-hydrocarbon tax revenue, in Algeria over the period of 1999 to 2018. Autoregressive Distributed Lagged (ARDL) model has been applied to find out long run and short run dynamics of models. The empirical findings suggest that the non-hydrocarbon tax revenues are not greatly responsive to changes in economic growth. And indicate that the REER is an important determinant of non-hydrocarbon tax revenue. In the short run, the results showed that the inflation has a strong positive effect on non-hydrocarbon tax. Meanwhile, the REER has had a low positive impact. Keywords: non-hydrocarbon tax; economic growth; financial development; inflation; REER Jel Classification Codes: E31, F31, H2, H60, O40. ملخص: الغرض من هذه الورقة البحثية هو دراسة تأثير سعر الصرف، التضخم، النمو اﻻقتصادي والتنمية المالية على إيرادات الجباية العادية في الجزائر خﻻل الفترة من 1999 إلى 2018. استخدمنا في هذه الدراسة منهج الحدود للتكامل المشترك، استنادا على نموذج اﻻنحدار الذاتي للفجوات الزمنية الموزعة المتباطئة. أظهرت النتائج التجريبية أن الجباية العادية ﻻ تستجيب بشكل فعال للنمو اﻻقتصادي، وأن سعر الصرف الحقيقي يمثل أحد المحددات الهامة للجباية العادية.
    [Show full text]
  • 2015/16 Knowledge Sharing Program with Algeria
    2015/16 Knowledge Sharing Program 2015/16 Knowledge 2015/16 Knowledge Sharing Program with Algeria: with Algeria Policy Consultation for Sustainable Growth in Algeria: Effects of Tax Policy and Revenue Enhancement 2015/16 Knowledge Sharing Program with Algeria 2015/16 Knowledge Sharing Program with Algeria Project Title Policy Consultation for Sustainable Growth in Algeria: Effects of Tax Policy and Revenue Enhancement Prepared by Korea Development Institute (KDI) Supported by Ministry of Strategy and Finance (MOSF), Republic of Korea Prepared for The Government of the Algeria In Cooperation with Ministry of Finance, Algeria Program Directors Si Wook Lee, Executive Director, Center for International Development (CID), KDI Kwang Eon Sul, Senior Fellow, Center for International Development (CID), KDI Program Officers Heesun Lim, Research Associate, Middle East and Africa team, CID, KDI Bora Nam, Research Associate, Middle East and Africa team, CID, KDI Senior Advisor Kyung-Bok Cook, Former Chief, National Assembly Budget Office Project Manager Woocheol Kim, Professor, University of Seoul Authors Chapter 1. Woocheol Kim, Professor, University of Seoul Chapter 2. Young Jun Chun, Professor, Hanyang University English Editor Seoul Selection Government Publications Registration Number 11-1051000-000699-01 ISBN 979-11-5932-131-3 94320 979-11-5932-117-7 (set) Copyright ⓒ 2016 by Ministry of Strategy and Finance, Republic of Korea Government Publications Registration Number 11-1051000-000699-01 2015/16 Knowledge Sharing Program with Algeria: Policy Consultation for Sustainable Growth in Algeria: Effects of Tax Policy and Revenue Enhancement In the 21st century, knowledge is one of the key determinants of a country’s level of socio- economic development.
    [Show full text]
  • Doing Business in Germany 2018
    Doing business in Germany 2018 Moore Stephens Europe PRECISE. PROVEN. PERFORMANCE. Doing business in Germany 2018 Introduction The Moore Stephens Europe Doing Business In series of guides have been prepared by Moore Stephens member firms in the relevant country in order to provide general information for persons contemplating doing business with or in the country concerned and/or individuals intending to live and work in that country temporarily or permanently. Doing Business in Germany 2018 has been written for Moore Stephens Europe Ltd by Moore Stephens Deutschland AG. In addition to background facts about Germany, it includes relevant information on business operations and taxation matters. This Guide is intended to assist organisations that are considering establishing a business in Germany either as a separate entity or as a subsidiary of an existing foreign company. It will also be helpful to anyone planning to come to Germany to work and live there either on secondment or as a permanent life choice. Unless otherwise noted, the information contained in this Guide is believed to be accurate as of 1 August 2018. However, general publications of this nature cannot be used and are not intended to be used as a substitute for professional guidance specific to the reader’s particular circumstances. Moore Stephens Europe Ltd provides the Regional Executive Office for the European Region of Moore Stephens International. Founded in 1907, Moore Stephens International is one of the world’s major accounting and consulting networks comprising 271 firms independently owned and managed firms and 614 offices in 112 countries around the world. Our member firms’ objective is simple: to be viewed as the first point of contact for all our clients’ financial, advisory and compliance needs.
    [Show full text]
  • Country Data-Namibia
    Public Disclosure Authorized Poverty Alleviation with Sustainable Growth F X F . .. Public Disclosure Authorized .,~~~'....L. -. ;,'4!XIf..X. .. i. K Public Disclosure Authorized ' ~E,*X.... F4.s,}* .i '.S.....- V..a{{ -' ., ___j__ ,__ ,__._____. , Public Disclosure Authorized A WORLD BANK COUNTRY STUDY Namibia Poverty Alleviation with Sustainable Growth The World Bank Washington, D.C. Copyright i 1992 The International Bank for Reconstruction and Development/THE WORLD BANK 1818 H Street, N.W. Washington, D.C. 20433, U.S.A. All rights reserved Manufactured in the United States of America First printing August 1992 World Bank Country Studies are among the many reports originally prepared for internal use as part of the continuing analysis by the Bank of the economic and related conditions of its developing member coumtries and of its dialogues with the governments. Some of the reports are published in this series with the least possible delay for. the use of governments and the academic, business and financial, and development communities. The typescript of this paper therefore has not been prepared in accordance with the procedures appropriate to formal printed texts, and the World Bank accepts no responsibility for errors. The World Bank does not guarantee the accuracy of the data induded in this publication and accepts no responsibility whatsoever for any consequence of their use. Any maps that accompany the text have been prepared solely for the convenience of readers; the designations and presentation of material in them do not imply the expression of any opinion whatsoever on the part of the World Bank, its affiliates, or its Board or member countries concerning the legal status of any country, territory, city, or area or of the authorities thereof or concerning the delimitation of its boundaries or its national affiliation.
    [Show full text]
  • Persian Riots, Army Coup in Egypt Shake Thrones Pi Two of Middle
    TIDE TABLE FOR JULY LpHTING-UP TIME High Low Date Water Water Sun- Sun- 8.52 p.m. ajn. p.ro. «.n_. p TO. __se get i 24 11.05 11.19 5.10 5.05 6.28 8.22 25 11.41 11.54 S.43 5.45 6 28 8$2 VOL. 32 — NO. 172 HAMILTON. BERMUDA. THURSDAY, JULY 24, 1952 6D PER COPM Now Vicar Of Si Persian Riots, Army Coup John's Inducted In Egypt Shake Thrones pi Last Night f| In the presence of tf Bishop of Bermuda, the Arc deacon of Bermuda and tf Two of Middle East Rulers churchwardens and co: gregation of St. John's, Per broke, the Rev. Edward Now LONDON, July 23 (Reuter).—Two thrones are tottering in the turbulent Middle Bewes Chapman was la East today—those of 32-year-old King Farouk of Egypt and the Shah ot Persia, to whom night inducted vicar' of tt he is related by a former marriage. church. 1 Both thrones symbolise the opulent remoteness of the ruling classes from the Mr. Chapman arrived in tt. poverty which burdens the life of the great mass of people ia their kingdoms. Colony on Monday froi in Persia the Shah was forced to recognise the claims of .Mohammed Mussadegh to Emmanuel Church, Plymout) the Premiership by a yelling mob wbich threatened to tear his capital apart. where he had been vicar sine In Egypt part of the army has revolted against the graft and corruption which it 1946. claims was revealed in the supply of faulty arms to Egyptian troops ia their war against The new minister formally too: Israel 18 months ago.
    [Show full text]
  • World Bank Document
    Rules on Paper, Rules in Practice Rules on Paper, Public Disclosure Authorized Al-Dahdah, Corduneanu-Huci, Raballand, Sergenti, and Ababsa Raballand, Sergenti, Corduneanu-Huci, Al-Dahdah, Public Disclosure Authorized DIRECTIONS IN DEVELOPMENT Public Sector Governance Rules on Paper, Rules in Practice Public Disclosure Authorized Enforcing Laws and Policies in the Middle East and North Africa Edouard Al-Dahdah, Cristina Corduneanu-Huci, Gael Raballand, Ernest Sergenti, and Myriam Ababsa Public Disclosure Authorized Rules on Paper, Rules in Practice DIRECTIONS IN DEVELOPMENT Public Sector Governance Rules on Paper, Rules in Practice Enforcing Laws and Policies in the Middle East and North Africa Edouard Al-Dahdah, Cristina Corduneanu-Huci, Gael Raballand, Ernest Sergenti, and Myriam Ababsa © 2016 International Bank for Reconstruction and Development/The World Bank 1818 H Street NW, Washington, DC 20433 Telephone: 202-473-1000; Internet: www.worldbank.org Some rights reserved 1 2 3 4 19 18 17 16 This work is a product of the staff of The World Bank with external contributions. The findings, interpreta- tions, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Nothing herein shall constitute or be considered to be a limitation upon or waiver of the privileges and immunities of The World Bank, all of which are specifically reserved.
    [Show full text]
  • Haiyambo.Tax Incentives and Foreign Direct Investment. the Nam Experience.Pdf
    POLYTECHNIC OF NAMIBIA HAROLD PUPKEWITZ GRADUATE SCHOOL OF BUSINESS Tax Incentives and Foreign Direct Investment: The Namibian Experience Emma Haiyambo Thesis submitted in partial fulfillment of the requirements for the degree Masters in International Business (MIB) in the Harold Pupkewitz Graduate School of Business at the Polytechnic of Namibia Supervisor: Tafirenyika Sunde Co-supervisor: Prof. Grafton Whyte July 2013 Tax Incentives and Foreign Direct Investment: The Namibian Experience ii Declaration By submitting this study, I declare that the entirety of the work contained therein is my own, and is original work. I have not previously in its entirety or in part submitted it for obtaining any qualification. Signature --------------------------------------- Date: September 2013 Tax Incentives and Foreign Direct Investment: The Namibian Experience iii Retension and use of thesis I, Emma Haiyambo, a candidate for the degree of Master in International Business accept the requirements of the Polytechnic of Namibia regarding the retention and use of Master’s thesis deposited in the library. In terms of these requirements, I give my consent that the original of my thesis deposited in the library will be accessible for purposes of study and research, in accordance with the normal conditions established by the librarian for the care, loan or reproduction of the thesis. Signature---------------------------------------------- Date: September 2013 Tax Incentives and Foreign Direct Investment: The Namibian Experience iv Acknowledgements My thanks goes firstly to the AlMIGHTY GOD for making this yet another step on my life’s journey. Secondly, to my supervisor, Mr Tafirenyika Sunde, for his support, advice and patience during the preparation of this dissertation.
    [Show full text]
  • Land, Food Security and Sustainable Development in Africa
    Land, Food Security and Sustainable Development in Africa Sam Moyo & Prosper B. Matondi African Institute for Agrarian Studies (AIAS) Paper prepared for the United Nations Economic Commission for Africa (UNECA), Sustainable Development Division (SDD), Ethiopia. The research assistance of Nelson Marongwe and Manyeu Mutamba is sincerely acknowledged. Table of Contents List of Tables ......................................................................................................................................... iii List of Figures ........................................................................................................................................ iii List of Charts ......................................................................................................................................... iii List of Boxes ........................................................................................................................................... iii List of Annexes ...................................................................................................................................... iii 1.0 Introduction .................................................................................................................................. 1 1.1 Objectives and Scope of the Study ................................................................................................ 1 1.2 Historical Context and Background ..............................................................................................
    [Show full text]
  • The Factors Influencing Attitudes of Namibian Taxpayers Towards Taxation
    THE FACTORS INFLUENCING ATTITUDES OF NAMIBIAN TAXPAYERS TOWARDS TAXATION by Olivia Nghaamwa 28320540 Submitted in partial fulfilment of the requirements for the degree Masters of Commercii (Taxation) in the FACULTY OF ECONOMIC AND MANAGEMENT SCIENCES at the UNIVERSITY OF PRETORIA Supervisors: Professor Marita Cronje Mrs. Hanneke du Preez Pretoria, South Africa September 2011 © University of Pretoria ACKNOWLEDGEMENTS “Trust in the LORD with all your heart and lean not on your own understanding. In all your ways acknowledge him, and he will make your paths straight.” – Proverbs 3:5-6 (KJV) I wish to express my sincere gratitude to the following persons: My parents for laying the foundation; My sisters, Tumweneni and Ndaitavela for their assistance in collecting books; Merlita Kennedy, Jeanette le Fleur and Evernice Tagara for their valuable comments on this paper; and Sally Harper from the Research Centre of The Namibian newspaper for her assistance in providing page numbers of the paper-based articles. ABSTRACT THE FACTORS INFLUENCING ATTITUDES OF NAMIBIAN TAXPAYERS TOWARDS TAXATION By Olivia Nghaamwa Supervisor: Mrs du Preez and Prof M Cronje Department: Taxation Degree: MCom (Taxation) The critical ingredient for revenue collection for any government is the attainment of a sufficient level of tax compliance on the part of taxpayers. Ideally any government would want one hundred percent compliance which would mean optimal tax collection. Tax compliance is influenced by the behaviours of taxpayers which are shaped by their attitudes, and such attitudes are influenced by various factors. Understanding taxpayers‟ behaviours in terms of factors that influence their attitudes towards tax compliance is therefore important in encouraging higher levels of compliance and minimisation of non- compliance.
    [Show full text]