• Highlights form Namibia’s 2018/2019 budget proposals

Highlights form Namibia’s 2018/2019 budget proposals

11 April 2018

  • The marginal rate of personal income tax increased from 37% to 40% for taxable income over NAD 2,500,000.
  • A 10% tax is now payable on dividends paid to residents.
  • The conduit principle in the taxation of trusts is abolished.
  • All income earned from foreign sources by Namibian residents is now taxable.

Source: IBFD