Namibia does not have a specific dividend tax, but rather taxes dividends as part of an individual’s overall income tax. For individuals, the tax rate on dividends is 21%, which is the same as the individual income tax rate. This means that if you are in the highest tax bracket, you will pay 45% tax on your dividends (21% + 24% marginal rate). However, if you are in a lower tax bracket, your effective tax rate on dividends will be lower.

Who Pays Dividend Tax in Namibia?

Dividend tax is a tax that is imposed on the dividends that a company pays to its shareholders. In Namibia, the dividend tax rate is 15%. This means that for every N$100 that a company pays in dividends, the shareholders will have to pay N$15 in dividend tax. The dividend tax is levied on the shareholders, and not on the company itself. This is because the shareholders are the ones who ultimately receive the dividends.