Namibia Tax Overview

Namibian tax system at a glance

Namibia operates a source-based tax system administered by the Namibia Revenue Agency (NamRA). Personal income tax is progressive and corporate tax is a flat rate, and a 15% VAT applies to most goods and services.

• National tax authority — Namibia Revenue Agency (NamRA) (Namibia Revenue Agency Act)
• Currency — Namibian Dollar (NAD / N$) (Income Tax Act)
• Tax year for individuals — 1 March to 28/29 February (Income Tax Act)
• Tax year for companies — The company's financial year-end (any 12-month accounting period) (Income Tax Act)
• Basis of taxation — Source-based — Namibian-source income is taxable regardless of residence; foreign-source income is generally not taxed (Income Tax Act)
• Top marginal personal income tax rate — 37% percent (on taxable income exceeding N$1,550,000) (Income Tax Act)
• Personal income tax-free threshold — N$100,000 per annum NAD (Income Tax Act)
• Standard (non-mining) corporate income tax rate — 30% percent (Income Tax Act)
• Value-added tax (VAT) — Yes — standard VAT rate is 15% percent (Value-Added Tax Act)
• Annual company income tax return deadline — Within 7 months of the company's financial year-end (Income Tax Act)
• Annual individual income tax return deadline (salaried) — 30 June following the end of the tax year (28/29 February) ((approx — confirm)) (Income Tax Act)