It may not seem like it, but your PAYE status actually matters to you even if you don’t live in Namibia. How? Well, when you start and run your own business, whether on the side of your 9-to-5 or in addition to it, the IRS will want to know exactly how much money you take home and how much goes to taxes—aka payroll taxes. If you don’t report your PAYE payments properly, it can lead to fines and penalties, as well as other trouble with the IRS.

The percentage of PAYE in Namibia is high

The percentage of PAYE in Namibia is one hundred percent. This means that employers are required to withhold and remit all taxes, including income tax, universal social contributions (USC), employer contributions, and all other types of taxes.

This impacts the amount of money you take home

In Namibia, there is a tax system which is composed of three types. The first type is called Income Tax and it applies to both residents and non-residents. The second type is called Net Wealth Tax which applies to residents only. Finally, the third type is called Property Transfer Tax which applies to all transactions involving property in Namibia.