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Tax Rates
Namibian tax rates, including income tax, VAT, CGT and more
Namibian Tax Regime is source based. This means Normal tax is levied on taxable income of companies, trusts and individuals from sources within or deemed to be within Namibia.
Individual Income Tax Rates
All individuals (incl. deceased estates and trusts) other than companies
| Taxable Income N$ | Rates of tax from years of assessment ending 2018/19 (N$) |
| 0 – 50 000 | Not taxable |
| 50 001 – 100 000 | 18% for each N$ above 50 000 |
| 100 001 – 300 000 | 9 000 + 25% for each N$ above 100 000 |
| 300 001 – 500 000 | 59 000 + 28% for each N$ above 300 000 |
| 500 001 – 800 000 | 115 000 + 30% for each N$ above 500 000 |
| 800 001 – 1 500 000 | 205 000 + 32% for each N$ above 800 000 |
| Above 1 500 000 | 429 000 + 37% for each N$ above 1 500 000 |
Social Security Rates
The contributions are calculated at 0.9% of earnings, with a minimum monthly contribution of N$2.70 and a maximum monthly contribution of N$81.00 by each. Social security is payable on a 50:50 contributions from employers and employees.
Value-Added Tax Rates
The standard rate is 15%.
Direct exports of goods and services are zero-rated.
A number of other zero-rated and exemptions are also provided for.
Company Tax Rates
| Rate | 2018/2019 |
| Corporate tax rate | 32% |
| Branch income tax | 32% |
| Diamond mining companies | 55% |
| Mining Companies (other than diamond mining companies) | 37.5% |
| Long term insurance companies (40% of gross investment income taxed at 32%) | 12.8% |
| Petroleum Companies (exploration -, development – or production operations) | 35% |
| Payments to non-residents (NRST) | |
| Withholding Tax | Rate |
| Dividends paid to non-residents companies > 25% shareholding | 10% |
| Dividends paid to non-residents in all other cases | 20% |
| Interest paid to non-residents | 10% |
| Royalties paid to non-residents | 10% |
| Management, technical, admin, consulting fees paid to non-residents | 10% |
| Non-residen directors’ fees and fees paid to foreign entertainers | 25% |