Regulatory Alerts2003-05-09
Added
Circular Levies PI-ST-1-2003b
Registered short-term insurance agents, brokers, and re-insurance brokers must pay annual levies to the Namibia Financial Institutions Supervisory Authority. For the levy year 1 April 2002 to 31 March 2003, the amount is the greater of 0.01% of gross income for the period ending 30 August 2002 and 0.15% for the period ending 31 March 2003, or N$ 2,000.00. Effective 1 April 2003, the annual levy is fixed at N$ 3,000.00. Payments must be made in two equal installments due by 31 October 2003 and 30 April 2004, with overdue amounts charged interest at the prevailing prime overdraft rate of Standard Bank of Namibia.
More like this from NAMFISA
We email you every new NAMFISA publication the day it's published.
Topics
Share