Stamp duties

Requirement

The following rates are valid in Namibia:

Transaction	Stamp duty
Agreements or contracts (other than those where duty is specifically provided for in the Act)	NAD 5
Lease agreement or lease	The stamp duty will be based on lease payments, together with additional considerations specified in the lease agreement.
Transfer or issue of marketable securities and other share transactions	NAD 2 for every NAD 1,000 or part thereof of the value/consideration, depending on the specific transaction.
Transfer deed relating to immovable property purchased	NAD 12 for every NAD 1,000 or part thereof of the value/consideration, depending on the specific transaction.

M3 solution

For Namibia, this process is manual and handled outside of M3.

Configuration guidelines

Not applicable.