I am a farmer

Income received from selling farm animals and game, leasing land for grazing and agricultural products is taxable. A farmer will also be taxed on the livestock or produce that has been donated or consumed.

Each farmer is required to indicate the number of farm animals at the beginning (01 March) and at the end of the year (28 Feb) in the income tax return.

A farmer is allowed to deduct all general expenses relating to farming operations, such as fodder and lick and rations for farm laborers.

Deductable Capital Expenses

Capital expenses that a farmer is allowed to deduct from income include:

The total of the capital expenses that can be deducted may not create a loss.

A complete list can be found under Schedule 1 to the Income Tax Act, Act 24 of 1981.

Tax Records

Each farmer is required to keep all the sales and purchases invoices, bank statements and any other bookkeeping records and submit them to Inland Revenue when requested to do so.

Tax Return

Each farmer must submit a self-assessment return of income: Individual Business & or Farmers (yellow tax return for farmers) on or before 30 September of each year.

30 September 2021

Individual Income Tax Rates 2019/20

The table below depicts the individual income tax rates for 2019 / 2020.

Where the taxable amount- Tax Rate
Does not Exceed N$ 50 000 No tax payable
Exceeds N$ 50 000 but does not exceeds N$ 100 000 18% of the amount by which the taxable amount exceeds N$ 50 000
Exceeds N$100 000 but does not exceeds N$ 300 000 N$9 000 plus 25% of the amount by which the taxable amount exceeds N$ 100 000
Exceeds N$ 300 000 but does not exceeds N$ 500 000 N$ 59 000 plus 28% of the amount by which the taxable amount exceeds N$ 300 000
Exceeds N$ 500 000 but does not exceed N$ 800 000 N$ 115 000 plus 30% of the amount by which the taxable amount exceeds N$ 500 000
Exceeds N$ 800 000 but does not exceeds N$ 1 500 000 N$ 205 000 plus 32% of the amount by which the taxable amount exceeds N$ 500 000
Exceeds N$ 1 500 000 N$ 429 000 plus 37% of the amount by which the taxable amount exceeds N$ 1 500 000

Related Tax Types

Income Tax

Namibia has adopted a Self-Assessment System. Under this system all taxpayers are required to compute their taxable income and file tax returns by the due date on an annual basis. Income received from selling farm animals and game, leasing land for g


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Withholding Tax

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Frequently Asked Questions

What is Gross Income?

What is the difference between tax avoidance and tax evasion?

What is Value-Added Tax?

Who is classified as a taxpayer representative?

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