Income Tax Brackets 2024 Namibia

Income Tax Brackets 2024 Namibia

Income Tax Brackets 2024 Namibia. Effectively, all individual taxpayers will be exempted from paying tax on the first n$100 000 of their income as from 01 march 2024. The 2024/25 budget increases the threshold for the individual income tax from nad 50,000 to nad 100,000, effective 1 march 2024.


Income Tax Brackets 2024 Namibia

This tool is designed for simplicity and ease of use, focusing solely on income. As promised in previous budget speeches, the minimum taxable income has been raised from nad50,000 per annum to nad100,000 per annum (or nad4,166.67 to.

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