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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: [1]
6.9% (for minimum wage full-time work in 2024: includes 20% flat income tax, of which first 7848€ per year is tax exempt for low-income earners + 2% mandatory pension contribution + 1.6% unemployment insurance paid by employee); excluding social security taxes paid by the employer
All individuals are taxed at progressive marginal rates over a series of income brackets. Tax in Namibia is less than South African tax at monthly incomes greater than N$58,754, with the country's effective tax rates typically plateauing at a maximum of 30.8% while South Africa's plateaus at 37.4%. [149]
The credit balance in credit card accounts also earn interest. Most of the accounts are subjected to monthly account fees and credit card accounts are subjected to annual fees. There are no reward / loyalty programs for using credit cards in Namibia. [17] The interest earned in any bank account is subjected to a flat 10% retention as income tax.
The Government Gazette, abbreviated GG and referred to as the Gazette, is the official journal of the government of Namibia that contains government agency rules, proposed rules, and public notices. Every bill must be published in terms of Article 56 of the Namibian Constitution in order to acquire the status of an Act of Parliament.
An 80-year-old woman died one month after her Sleep Number bed suddenly moved without warning and trapped her against a wall for two days last year, a new lawsuit alleges.
One of the best post-Christmas sales we look forward to every year is Nordstrom's Half-Yearly Sale, which typically kicks off the day after Christmas and lasts for a couple of weeks.Ring in the ...
4 February: President of Namibia Hage Geingob dies at the age of 82. [1] 4 February: Vice-President Nangolo Mbumba is sworn in as 4th President of Namibia; 16 April: Eleven inmates escape from a prison in Katima Mulilo, Zambezi Region. [2] 21 June: A high court rules that two colonial-era laws criminalizing gay sex between men are ...