Taxation in Namibia

Taxation
An aspect of fiscal policy
Policies Government revenue Tax revenue Non-tax revenue Tax law Tax bracket Tax threshold Exemption Credit Deduction Tax shift Tax cut Tax holiday Tax advantage Tax incentive Tax reform Tax harmonization Tax competition Double taxation Representation Unions Medical savings account Tax, tariff and trade
Economics General Theory Price effect Excess burden Tax incidence Laffer curve Optimal tax Theory Optimal capital income taxation Distribution of Tax Tax rate Flat Progressive Regressive Proportional
Collection Revenue service Revenue stamp Tax assessment Taxable income Tax lien Tax refund Tax shield Tax residence Tax preparation Tax investigation Tax shelter Private tax collection Tax farming
Noncompliance General Tax avoidance Tax evasion Tax resistance Tax shelter Smuggling Black market Unreported employment Corporate Tax inversion Transfer mispricing Base erosion and profit shifting (BEPS) Double Irish Dutch Sandwich Single Malt CAIA/Green Jersey Locations Tax havens Corporate tax havens Offshore financial centres (OFCs) Offshore magic circle Conduit and Sink OFCs Financial centres Financial Secrecy Index Major examples Apple €13 billion fine Ireland as a tax haven Leprechaun economics Liechtenstein tax affair Luxembourg Leaks Offshore Leaks Paradise Papers Panama Papers Swiss Leaks United States as a tax haven Panama as a tax haven
Types Direct Indirect Per unit Ad valorem In rem Capital gains Carbon Consumption Dividend Ecotax Excise Fuel Georgist Gift Gross receipts Income Inheritance (estate) Land value Payroll Pigovian Property Sales Sin Single Stamp Steering Turnover Value-added (VAT) Corporate profit Excess profits Windfall profits Negative (income) Wealth
International Financial transaction tax Currency transaction tax European Union Common Consolidated Corporate Tax Base (CCCTB) Tobin tax Spahn tax Tax equalization Tax treaty Permanent establishment Transfer pricing European Union FTT Foreign revenue rule
Trade Custom Duty Tariff Import Export Tariff war Free trade Free trade zone Trade agreement ATA Carnet
Research Academic Mihir A. Desai Dhammika Dharmapala James R. Hines Jr. Ronen Palan Joel Slemrod Gabriel Zucman Advocacy groups Tax Justice Network (TJN) Institute on Taxation and Economic Policy (ITEP) Oxfam (UK) Tax Foundation (US) Tax Policy Center (US)
Religious Church tax Eight per thousand Teind Tithe Fiscus Judaicus Leibzoll Temple tax Tolerance tax Jizya Kharaj Khums Nisab Zakat
By country All Countries List of countries by tax rates Tax revenues as % of GDP Tax rates in Europe Individual Countries Albania Algeria Argentina Australia Azerbaijan Bangladesh Bhutan Brazil Bulgaria BVI Canada China Colombia Croatia Denmark Finland France Germany Greece Hong Kong Iceland India Indonesia Iran Ireland Israel Italy Japan Kazakhstan Lithuania Malta Morocco Namibia Netherlands New Zealand Norway Pakistan Palestine Peru Philippines Poland Russia Singapore South Africa Sri Lanka Sweden Switzerland Taiwan Tanzania United Kingdom United States Uruguay

This is an overview of taxes charged to individuals and companies in Namibia.

Income Tax

Personal income tax is applicable to total taxable income of an Individual and all individuals are taxed at progressive marginal rates over a series of income brackets. The tax year runs from 1 March to 28 February.

Tax rates for the 2010/2011 to 2012/2013 tax years were as follows:

Taxable amount	Rates of tax
Where the taxable amount does not exceed N$ 40 000	0%
between N$ 40 001 and N$ 80 000	27% of the amount by which the taxable amount exceeds N$ 40 000
between N$ 80 001 and N$ 200 000	N$ 10 800 + 32% of the amount by which the taxable amount exceeds N$ 80 000
between N$ 200 001 and N$ 750 000	N$ 49200 + 34% of the amount by which the taxable amount exceeds N$ 200 000
over N$ 750 000	N$ 236 200 + 37% of the amount by which the taxable amount exceeds N$ 750 000

Tax rates proposed for the 2016/2018

tax year are as follows:

Taxable amount	Rates of tax
Where the taxable amount does not exceed N$ 50 000	0%
between N$ 50 001 and N$ 100 000	18% of the amount by which the taxable amount exceeds N$ 50 000
between N$ 100 001 and N$ 300 000	N$ 9 000 + 25% of the amount by which the taxable amount exceeds N$ 100 000
between N$ 300 001 and N$ 500 000	N$ 59 000 + 28% of the amount by which the taxable amount exceeds N$ 300 000namebia
between N$ 500 001 and N$ 800 000	N$ 115 000 + 30% of the amount by which the taxable amount exceeds N$ 500 000
between N$ 800 001 and N$ 1 500 000	N$ 205 000 + 32% of the amount by which the taxable amount exceeds N$ 800 000
over N$ 1 500 000	N$ 429 000 + 37% of the amount by which the taxable amount exceeds N$ 1 500 000

Income tax is typically withheld by the employer.

Individuals are responsible for submitting a tax return form to the Receiver of Revenue once a year. Individual taxpayers are categorised into three groups each submitting a different colour tax return. There are brown, blue and yellow forms.

Value Added Tax

A 15% Value added tax (VAT) is applicable to almost every commodity. Basic commodities like sugar, bread etc. are exempted from VAT.

See also

• Cost of Living in Namibia
• Economy of Namibia