I own a one-man business

For tax purposes, all income earned from any business activities carried out in Namibia is taxable. This income is regarded as ordinary income for tax purposes.

Examples of Informal Businesses

Examples of Formal Businesses

Registration for Tax Purposes

Income Tax

All persons who earn income of more than N$50,000 in a year from one or multiple sources should complete an application for registration as a taxpayer.

Value Added Tax

All businesses that make annual taxable supplies of more than N$500,000 must apply for Value Added Tax registration.

Income Tax Rates

The table below depicts the 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

Tax Return Deadlines

Individual business owners – 30 June
Companies and Close Corporations – 7 months after year end

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


Employee Tax

An employer is any person who pays an amount by way of remuneration to an employee. Each person who becomes an employer is required to apply to Inland Revenue Department for registration as an employer within 14 days of becoming an employer. An empl


Value Added Tax (VAT)

VAT is levied at the standard rate of 15% on the supply of most goods and services and on the importation of goods. It is mandatory for a person who carries on a business with an annual taxable turnover above N$500,000 to apply for VAT registration.


Withholding Tax

The Withholding of Tax is a tax charged on interest paid by any person to or for the benefit of a foreign person (which includes individuals, companies, etc) from a source within Namibia. The foreign person is responsible for the tax, but it must be


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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I earn a monthly salary

Any person who earns a salary of more than N$ 50,000 per annum should register as a taxpayer and submit the proof of registration to their employer.  An amount contributed to an approved pension or provident fund as a con


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 num


I am a provisional Taxpayer

Any person earning taxable income in excess of N$ 50,000 per annum that is not received in the form of remuneration is required to register as a provisional taxpayer. Any directors of a private company (including members of close corporations) are a


Individual Tax

In Namibia all individuals are treated the same for tax purposes, regardless of their marital status, gender and age. Trusts, deceased and insolvent estates are also taxed on the same basis as individuals. Individuals subject to tax include, but ar