Income Tax Namibia 2024. If older than 18 months, the basic amount is increased by 8% per annum. An increase in the individual income tax threshold from nad 50,000 to nad 100,000 from 1 march 2024, along with adjustments in the tax brackets as follows:
Husbands and wives submit separate tax returns and are taxed separately. The most straightforward way to calculate effective tax rate is to divide the income tax expenses by the earnings (or income earned) before.
