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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
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 ...
The qualified dividend tax rate for tax year 2024– filing in 2025– is either 0%, 15% or 20%. These rates are influenced by your tax bracket , which is determined by your filing status and ...
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.
Namibia also is addressing the sensitive issue of agrarian land reform in a pragmatic manner. However, the government runs and owns a number of companies such as TransNamib and NamPost, most of which need frequent financial assistance to stay afloat. [13] [14] The country's sophisticated formal economy is based on capital-intensive industry and ...
The table below lists jurisdictions where personal income is taxed by only one government level, using a flat rate. It includes independent countries and other autonomous jurisdictions. The tax rate listed is the one that applies to income from work, but does not include mandatory contributions to social security. In some jurisdictions ...
The Namibia Statistics Agency (NSA), formerly the Central Bureau of Statistics (CBS), is the national statistical authority of Namibia. It is an agency of the Namibian government , and headquartered in the capital Windhoek .