Assessed Losses: When NamRA Says “No” and Your Client Pays the Price

Name: Assessed Losses: When NamRA Says “No” and Your Client Pays the Price - cpd.myciba.org
SKU: NAM025
Price: 345.00 ZAR
Availability: InStock

Assessed losses look simple. They are not.
One wrong interpretation can wipe out years of tax relief and trigger a costly NamRA adjustment.

Date:

14 February, 2026

Time:

Available immediately

Hours:

1.5 hours

CPD Units:

Category:

Taxation

Group:

Namibia CPD

Format:

Webinar

Assessed Losses: When NamRA Says “No” and Your Client Pays the Price

R345,00 VAT incl.

Product Information

Assessed losses remain one of the most misunderstood areas of Namibian tax practice. Many practitioners rely on accounting results and assume the loss will carry forward automatically. NamRA does not see it that way. Section 17 of the Income Tax Act draws a hard line between deductible revenue losses and losses that are capital in nature or incorrectly timed. When that line is crossed, years of accumulated losses can disappear overnight. Recent scrutiny by NamRA has increased the risk. Courts have also reinforced a strict interpretation of what qualifies as a legitimate assessed loss. The consequences are real. Disallowed losses lead to unexpected tax liabilities, penalties, and damaged client relationships. Understanding how assessed losses are tested, verified, and challenged is now essential for every practitioner signing off a return.

Presenter/s

Johan Nel

Johan Nel is a seasoned tax leader and operational strategist with over a decade of experience in financial management and tax leadership. His career was shaped at PwC Namibia, where he led key strategic initiatives aligned with corporate objectives and cultivated high-performing, quality-driven teams

What will set you apart

By attending this event, delegates will learn:

The exact point when an assessed loss becomes deductible under Section 17
The difference between a real tax loss and a commercial accounting loss
When a loss quietly becomes capital in nature and non-deductible
Why NamRA rejects loss carry-forwards during audits
The warning signs that a loss will not survive a NamRA review
How court judgments shaped the way assessed losses are interpreted today
Practical checks to protect client loss carry-forwards before filing
How incorrect loss treatment exposes practitioners to professional risk

Event breakdown

Section 17 explained in practical terms
The legal meaning of an assessed loss under Namibian tax law
When a loss arises for tax purposes and when it does not
Revenue losses versus capital losses in practice
Timing errors that cause assessed losses to fail
How NamRA evaluates loss carry-forwards during audits
The impact of the Trustco judgment on assessed loss interpretation
Common practitioner mistakes when calculating losses
Documentation needed to defend a loss carry-forward
Practical safeguards before submitting a tax return

Certificate

The following event is awarded 3 CPDs unit in Taxation.