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Individual Income Tax Tables

Posted 15 June 2015 under Tax

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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