AnnualDuties
Ensure compliance with BIPA by filing your annual return, paying the duty, and submitting your Beneficial Ownership (BO) information on time. Failure to do so may lead to penalties, forced de‑registration, or director liability. (go to the BIPA website)
What You’ll Need:
Annual return form
Annual duty payment
Updated BO (Beneficial Ownership) form
At a glance: Annual Duties by Entity Type
Close Corporations (CC)
Documents Needed
BENEFICIAL OWNERSHIP DECLARATION FORM- BO1_FINAL – AMENDED
Annual Duty/Fee:
N$120
Late Annual duty submission Penalty:
Fees vary depending on submition date of annual returns
Company (Private, Public, Foreign)
Documents Needed
BENEFICIAL OWNERSHIP DECLARATION FORM- BO1_FINAL – AMENDED
or
BENEFICIAL-OWNERSHIP-DECLARATION-FORM-BO2
Annual Duty/Fee:
N$ 130 annual duty + N$ 160 submission fee (The annual duty varies from entity to entity based on the share capital)
Late Annual duty submission Penalty:
N$ 300 for late submission + penalties
Company (Section 21 / NGO)
Documents Needed
BENEFICIAL OWNERSHIP DECLARATION FORM- BO1_FINAL – AMENDED
or
BENEFICIAL-OWNERSHIP-DECLARATION-FORM-BO2 (Used if the B.O 1 is submitted already and content has not changed.)
Annual Duty/Fee:
No annual duty fee, only the submission fee: N$ 160
Late Annual duty submission Penalty:
N$ 300 for late submission
Worked Examples
Example 1: A Close Corporation
Financial year ends December 31.
Deadline to file CC7: January 31.
Pays N$120 as duty. If late, penalty fees apply.
Must submit updated Beneficial Ownership form BO1 with return.
Example 2: A Private Company (“Pty Ltd”)
- Financial Year-end: June 30.
- File CM23 within one month— grace period: July 31.
- Pays annual duty N$130, plus submission fee N$160.
- Late submission attracts N$300 fee and additional penalties.
- Updated BO1 form must accompany submission.
Example 3: Section 21 NGO
- Year-end: March 31.
- Submit CM23 by April 30.
- No duty payable, but the N$160 filing fee applies (rising to N$300 if late).
- Excellent standing certificate only if BO1 form is also submitted.
Consequences of Non‑Compliance
- Go to the BIPA Namibia Website.