MSN Financial Services CC

📢 Namibia’s Latest Tax Updates

What’s Official and What’s Still Pending

We’ve seen recent news and social media posts about “new tax rates” in Namibia, and many are creating confusion.
Here’s a clear, fact-based summary from MSN Financial Services CC on what’s already in effect and what’s still only proposed.

✅ What’s Already in Effect (Since 1 March 2024)

The Ministry of Finance and Public Enterprises implemented the first phase of Namibia’s tax relief reforms earlier this year.

💰 Individual Income Tax Brackets (NamRA 2024/25):

0% on income up to N$100,000

18% on N$100,001 – N$150,000

25% on N$150,001 – N$350,000

28% on N$350,001 – N$550,000

30% on N$550,001 – N$850,000

32% on N$850,001 – N$1,550,000

37% on income above N$1,550,000

📈 The tax-free threshold doubled from N$50,000 to N$100,000 — providing real relief for lower and middle-income earners.

🏢 Corporate Tax (Non-Mining Companies):

Reduced to 31%, effective for financial years beginning on or after 1 January 2024.

⚖️ What’s Still Proposed (Not Yet Law – Part of the Income Tax Amendment Bill 2025)

The following are proposals still under Parliamentary review and not yet effective:

Corporate tax reduction to 30% (2025/26) and 28% (2026/27)

20% corporate rate for qualifying companies in Special Economic Zones (SEZs)

Increase in tax-free retirement lump sum from N$50,000 → N$375,000

Housing benefit exemption cap at N$400,000 per year

Interest deduction limit at 30% of taxable EBITDA

Restrictions on assessed-loss carry-forward periods

📅 These proposed changes are part of the draft Income Tax Amendment Bill 2025, which has not yet been passed or gazetted.

💼 Our Advice

Some of these tax updates are already active, while others are still under review.
At MSN Financial Services CC, we’re tracking every development to keep your payroll, compliance, and tax planning 100% up to date.

We’ll issue a full client update once Parliament officially approves and gazettes the Amendment Bill.

For personalised assistance on how the current brackets affect your salary or business tax, contact us:
📞 +264 81 309 1459
📧 [email protected]

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