The threshold for income tax on individuals is increased from n$50,000 to n$100,000. The tax threshold for income tax liability on all individual taxpayers will be increased from n$ 50 000.00 to n$ 100 00.00 per annum, effective 1 march 2024.
Other adjustments in the tax brackets are as. The budget includes measures to:
A Comprehensive Suite Of Free Income Tax Calculators For Namibia, Each Tailored To A Specific Tax Year.
Namibia personal income tax tables in 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.
1) increase the individual income tax exemption threshold to 100,000 namibian dollars (us$5,334) from 50,000 dollars.
Images References :
The Tax Tables Below Include The Tax Rates, Thresholds And.
Namibian individual income tax brackets 2024 and rates.
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.
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: