Namibia, Republic of

During the 2023/2024 Annual Budget Speech, the Minister of Finance communicated that there will be tax relief for individuals in the N$50,000 to N$100,000 tax bracket. This will mean that individuals earning less than N$100,000 per annum would not be subject to tax.  This will be effective in FY2024/25. 

The Minister also confirmed that the tax amnesty programme will be extended for the final time, where all interest and penalties will be written off if the outstanding capital is fully settled by 30 October 2024.

There have been no other no significant developments in the taxation of individuals in Namibia during the past year.