Income Tax Brackets 2025 Namibia Income. Tax Brackets 2024 Namibia Image to u The Corporate Income Tax ("CIT") rate for companies whose financial years commenced on Additionally, the non-mining company tax rate has been proposed to be reduced to 28% for FY 2026/27
Namibian Tax Brackets 2024 Elle Willetta from alissaqallison.pages.dev
Substituting the 3:1 thin capitalization ratio with a new limit on interest deductions at 30% of taxable income before net interest, regardless of. Namibia's income tax brackets were adjusted retroactively to the start of its 2024-25 tax year March 1 in an act signed Sept
Namibian Tax Brackets 2024 Elle Willetta
Taxable Income N$ Rates of tax from years of assessment ending 2025/26 (N$) 0 - 100 000 Not taxable The latest Namibian income tax rates for individuals and companies Taxable Income (N$) Rates of tax 0 - 100 000 Not taxable 100 001 - 150 000 18% for each N$ above.
Tax Brackets 2024 Namibia Image to u. The Income Tax Amendment Act, 2024, increases the tax-free amount of annual income to N$100,000 (US$5,685.05), instead of N$50,000.The thresholds separating all other income tax brackets also increased by N$50,000 each, so that the highest 37% bracket starts at N. Namibia's income tax brackets were adjusted retroactively to the start of its 2024-25 tax year March 1 in an act signed Sept
Namibian Tax Brackets 2024 Elle Willetta. Additionally, the non-mining company tax rate has been proposed to be reduced to 28% for FY 2026/27 The table below depicts the individual income tax rates for 2024/25 Where the taxable amount- Tax Rate Does not Exceed N$ 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