Namibia's Minister of Finance and Public Enterprises, Iipumbu Shiimi, delivered the 2024/25 Budget on 28 February 2024. The main tax measures announced in the budget statement include:
- An increase in the individual income tax threshold from NAD 50,000 to NAD 100,000 from 1 March 2024, along with adjustments in the tax brackets as follows:
- up to NAD 100,000 - 0%
- NAD 100,001 to 150,000 - 18%
- NAD 150,001 to 350,000 - 25%
- NAD 350,001 to 550,000 - 28%
- NAD 550,001 to 850,000 - 30%
- NAD 850,001 to …