New Tax Brackets 2025 Namibia 2024. Other adjustments in the tax brackets are as follows: The 2024/25 budget increases the threshold for the individual income tax from nad 50,000 to nad 100,000, effective 1 march 2024.
Namibia’s minister of finance and public enterprises, iipumbu shiimi, delivered the 2024/25 budget on 28 february 2024. According to shiimi, this is to ensure that the total tax paid by employees is equal to what they should pay in the 2024/25 financial year, according to the adjusted tax tables.
New Tax Brackets 2025 Namibia 2024 Images References :