The tax threshold for income tax liability on all individual taxpayers will be increased from n$ 50 000.00 to n$ 100 00.00 per annum, effective 1 march 2024. 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 tax calculations provided on this web site are calculated based upon the income tax tax rates as 2020/2021. 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:
All Individual Taxpayers Will Be Exempted From Paying Tax On The First N$100,000 Of Their Income As Of 01 March 2024, As The Threshold For Income Tax On.
Income tax brackets 2024 namibia.
The Calculator Is Updated With The Latest Tax Rates And Brackets As Per The 2024 Tax Year In Namibia.
The next $35,550 will be taxed at 12%;
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The tax brackets have changed.
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Calculate your income tax in namibia and salary deduction in namibia to calculate and compare salary after tax for income in namibia in the 2024 tax year.