background image
7.1. General Rules

Operating losses can be carried forward indefinitely to offset taxable income in future years, provided the taxpayer is carrying out trading activities. If a company ceases to trade for a full tax year, its losses are forfeited, regardless of subsequent activities.

Carry-back of losses is not permitted in Namibia.

Oil and gas companies can offset losses only against income from oil and gas activities. However, mining companies are permitted to offset losses against other trade income or vice versa in any tax year.