Income Tax Brackets 2025 Namibia Income. Tax Calculator 2025 Namibia Cecilia Leclerc Increased income tax threshold for individuals to N$100,000 effective 1 March 2024 Increased "sin taxes" or excise taxes that generally apply for alcoholic beverages and tobacco products Introduction of adjustments to transfer duties and stamp duties brackets, including raising the exempt level to N$1.1 million and increasing the threshold for the 8% duty rate to N$3.15 million, effective. The tax rate will be further reduced to 30% from 1 January 2025
New Tax Brackets 2025 Namibia Tax Gary G. Jackson from garygjackson.pages.dev
The table below depicts the individual income tax rates for 2024/25 Where the taxable amount- Tax Rate Does not Exceed N$ 100 000 No tax payable Exceeds N$ 100 000 but does not exceeds N$ 150 000 18% of the amount by which the taxable amount exceeds N$ 100 000 Increased income tax threshold for individuals to N$100,000 effective 1 March 2024 Increased "sin taxes" or excise taxes that generally apply for alcoholic beverages and tobacco products Introduction of adjustments to transfer duties and stamp duties brackets, including raising the exempt level to N$1.1 million and increasing the threshold for the 8% duty rate to N$3.15 million, effective.
New Tax Brackets 2025 Namibia Tax Gary G. Jackson
Additionally, the non-mining company tax rate has been proposed to be reduced to 28% for FY 2026/27 Taxpayers who earn income from more than one source should know that the tax rate applicable is for the combined income Employees who changed jobs during the tax year and are no longer with their previous employers must claim any refunds when filing their 2025 income tax return by 30 June 2025
Tax Calculator 2025 Namibia Cecilia Leclerc. Detailed description of taxes on individual income in the Republic of Namibia Worldwide Tax Summaries. The table below depicts the individual income tax rates for 2024/25 Where the taxable amount- Tax Rate Does not Exceed N$ 100 000 No tax payable Exceeds N$ 100 000 but does not exceeds N$ 150 000 18% of the amount by which the taxable amount exceeds N$ 100 000
Tax Brackets 2024 2025 And 2025 Mag Marabel. Substituting the 3:1 thin capitalization ratio with a new limit on interest deductions at 30% of taxable income before net interest, regardless of. Taxable Income N$ Rates of tax from years of assessment ending 2025/26 (N$) 0 - 100 000 Not taxable