Income Tax Brackets 2024 Namibia

Income Tax Brackets 2024 Namibia. Taxable income is taxed at the individual tax rates as set out under the personal income tax rates section below. Namibia's minister of finance and public enterprises, iipumbu shiimi, delivered the 2024/25 budget on 28 february 2024.


Income Tax Brackets 2024 Namibia

All individual taxpayers will be exempted from paying tax on the first n$100,000 of their income as of 01 march 2024, as the threshold for income tax on. During the 2023/2024 annual budget speech, the minister of finance communicated that there will be tax relief for individuals in the 50,000 to 100,000 namibian dollars (nad).

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