When you receive a bonus, it’s important to know how much of it will be taxed. In Namibia, bonuses are taxed at a rate of 20%. This means that if you receive a bonus of N$1,000, you’ll only take home N$800 after taxes.

How much is your bonus taxed in Namibia?

If you are lucky enough to receive a bonus at work, you may be wondering how much of it will be taxed. In Namibia, bonuses are considered taxable income, so the amount you pay in taxes will depend on your tax bracket. The highest tax bracket is 50%, so if you are in this bracket, your bonus will be taxed at this rate. However, if you are in a lower tax bracket, your bonus will be taxed at a lower rate. For example, if you are in the 25% tax bracket, your bonus will be taxed at 25%. So, if you receive a bonus of $1,000, you would owe $500 in taxes if you are in the 50% tax bracket, or $250.