Income Tax Brackets 2025 Namibia Pdf Download. Namibian Tax Brackets & Tax Calculator The budget for 2024-2025, presented 28 February 2024, includes the following tax-related proposals: Reduction of the non-mining company tax rate to 31% effective 1 January 2024, to 30% by 1 January 2025, and to 28% during FY 2026/2027; Replacement of the 3:1 thin capitalization ratio with a 30% limit on interest deductions The latest Namibian income tax rates for individuals and companies
Namibian Tax Brackets 2024 Elle Willetta from alissaqallison.pages.dev
Additionally, the non-mining company tax rate has been proposed to be reduced to 28% for FY 2026/27 Substituting the 3:1 thin capitalization ratio with a new limit on interest deductions at 30% of taxable income before net interest, regardless of.
Namibian Tax Brackets 2024 Elle Willetta
The tax rate will be further reduced to 30% from 1 January 2025 Republic of Namibia Ministry of Finance & Public Enterprises FINAL COVERS_ 01-APRIL-2023 TO 31-MARCH-2026.indd 4 23/02/2024 6:25 PM Republic of Namibia BUDGET STATEMENT FOR THE 2024/25 FINANCIAL YEAR IPUMBU SHIIMI, MP MINISTER Continuing the legacy of H Additionally, the non-mining company tax rate has been proposed to be reduced to 28% for FY 2026/27
Tax Brackets 2025 Vs 2025 Game Sana Joseph. 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 Taxable income is taxed at the individual tax rates as set out under the personal income tax rates section below
Tax Brackets 2025 Vs 2025 Game Sana Joseph. Additionally, the non-mining company tax rate has been proposed to be reduced to 28% for FY 2026/27 The tax rate will be further reduced to 30% from 1 January 2025