Income Tax Brackets 2025 Namibia Income

Income Tax Brackets 2025 Namibia Income. Namibian Tax Brackets 2024 Rina Martguerita Source basis of Income Tax Normal tax is levied on taxable income of companies, trusts and individuals from sources within or deemed to be within Namibia 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.

Employees who changed jobs during the tax year and are no longer with their previous employers must claim any refunds when filing their 2025 income tax return by 30 June 2025 The tax rates for the fiscal year 1 March 2024 through 28 February 2025 are as follows: Taxable.

Namibian Tax Brackets 2024 Rina Martguerita

Additionally, the non-mining company tax rate has been proposed to be reduced to 28% for FY 2026/27 Employees who changed jobs during the tax year and are no longer with their previous employers must claim any refunds when filing their 2025 income tax return by 30 June 2025 Self-assessment return of income: Individual Salaried

Tax Calculator 2025 Namibia Cecilia Leclerc. Taxpayers who earn income from more than one source should know that the tax rate applicable is for the combined income Source basis of Income Tax Normal tax is levied on taxable income of companies, trusts and individuals from sources within or deemed to be within Namibia

Tax Bracket 2024 Calculator Nj Aliza Belinda. The tax rate will be further reduced to 30% from 1 January 2025 Taxable income is taxed at the individual tax rates as set out under the personal income tax rates section below