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Individual Income Tax Tables
Posted 15 June 2015 under
TaxTim's Blog
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All individuals are taxed according to a income sliding scale. All individuals, including trusts and estates, are taxed according to the below table, which is applicable for the tax years 28 February 2016 until further notice:
Taxable Income
N$
|
Rates of tax from years of assessment ending 28 February 2015/2016 (N$)
|
|
0 - 50 000
|
Not taxable
|
|
50 001 - 100 000
|
18% for each N$ above 50 001
|
|
100 001 - 300 000
|
9 000 + 25% for each N$ above 100 001
|
|
300 001 - 500 000
|
59 000 + 28% for each N$ above 300 001
|
|
500 001 - 799 999
|
115 000 + 30% for each N$ above 500 001
|
|
800 000 - 1 500 001
|
205 000 + 32% for each N$ above 800 000
|
|
Above 1 500 001
|
429 000 + 37% for each N$ above 1 500 001
|
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