Individual Income Tax Tables
Posted 15 June 2015 under
TaxTim's Blog
Let TaxTim
help you
submit your
Tax returns!
TaxTim will help you:
- Do Your Tax Return Easily
- Avoid penalties
- Save money
Tim uses your answers to complete your income
tax return instantly and professionally, with
everything filled in in the right place.
Get started
Recent posts
Ask TaxTim
Got a question you want answered about tax?
Visit our helpdesk →
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
|
This entry was posted in TaxTim's Blog
and tagged PAYE, Provisional tax, Employees, Administration.
Bookmark the permalink.
Get Inland Revenue Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.
Let TaxTim
help you
submit your
Tax returns!
TaxTim will help you:
- Do Your Tax Return Easily
- Avoid penalties
- Save money
Tim uses your answers to complete your income
tax return instantly and professionally, with
everything filled in in the right place.
Get started
