The tax system in Namibia is based on the principle of taxation of income. Businesses are required to pay taxes on their profits. The corporate tax rate in Namibia is 35%. This rate is one of the highest in Africa. However, there are several tax incentives and exemptions that businesses can take advantage of.

What is the general tax regime in Namibia?

Namibia’s general tax regime is quite favourable for businesses. Companies are taxed at a flat rate of 20%, and there are no capital gains taxes. However, there are some other taxes that businesses may have to pay, such as value-added tax (VAT) and payroll taxes. Overall, Namibia is a relatively tax-friendly country for businesses.

What do you need to know about Namibia’s tax system?

Namibia is a country in southwest Africa. The income tax system of Namibia is modelled after the German income tax system and it comprises three parts: a progressive scale, a surcharge on high incomes, and various deductions. The highest marginal rate is 37% for those earning more than NA$1 million (US$70,000).