Namibia Compliance Report

Regulatory Overview

Regulatory Status

Regulators have not addressed crypto; legal status ambiguous

Travel Rule

Not adopted

Tax Reporting

**Businesses and Professional Traders:** Companies or individuals whose primary business involves trading cryptocurrencies, providing crypto-related services, or mining.. **Active Trading/Speculation:** Individuals who frequently buy and sell cryptocurrencies with the intention of making short-term profits, rather than holding them as long-term investments. NamRA would assess the "badges of trade" to determine if an activity constitutes a business or speculative venture.. **Mining Income:** The value of cryptocurrencies earned from mining activities is likely to be considered taxable income at the time it's received, valued at its market price in Namibian Dollars (NAD).. **Staking, Lending, or DeFi Rewards:** Income earned from staking, lending, or participating in decentralised finance (DeFi) protocols (e.g., interest, rewards) would likely be considered ordinary income.. **Salaries or Payments in Crypto:** If an individual receives cryptocurrency as payment for services rendered or as salary, its NAD equivalent value at the time of receipt would be taxable as ordinary income.

Key Facts

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