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Quick Tax Reference Guide

2024/25 Rates Deductions

Instant answers for your tax deduction questions - Updated for 2024/25

💰 2024/25 Tax Brackets (Effective 1 March 2024)

N$0 - 100,000: 0%
N$100,001 - 150,000: 18%
N$150,001 - 350,000: 25%
N$350,001 - 550,000: 28%
N$550,001 - 850,000: 30%
N$850,001 - 1,550,000: 32%
N$1,550,001+: 37%
✅ Updated: Tax brackets effective 1 March 2024 per Income Tax Amendment Act 4 of 2024. The 25% rate applies from N$150k (not N$300k), and the 32% bracket applies for income between N$850k and N$1.55M. Top bracket threshold is N$1,550,000.

📋 Deduction Quick Reference Matrix

Expense Type 👔 PAYE Employee 💼 Self-Employed 🏢 Company 🧾 VAT
⛽ Fuel/Petrol ❌ No* ⚠️ Business % ✅ Yes ✅ 15%
🍽️ Meals & Entertainment ❌ No ⚠️ 50% ⚠️ 50% ✅ 15%
📎 Office Supplies ⚠️ Limited ✅ Yes ✅ Yes ✅ 15%
💻 Equipment ⚠️ Limited ✅ Yes ✅ Yes ✅ 15%
🚕 Transport ❌ No* ✅ Yes ✅ Yes ✅ 15%
⚖️ Professional Services ⚠️ Limited ✅ Yes ✅ Yes ✅ 15%
🏠 Home Office ⚠️ If Official ⚠️ Business % ✅ Yes ⚠️ Business %
📱 Phone/Internet ⚠️ Business % ⚠️ Business % ✅ Yes ⚠️ Business %
Legend: ✅ Fully Deductible | ⚠️ Partially/Conditionally | ❌ Not Deductible | * Exceptions may apply

📅 Critical Deadlines 2024/25

1st Provisional Tax Aug 30
2nd Provisional Tax Feb 28
Individual Returns Jun 30
Business Returns Sep 30
VAT Returns 25th Monthly

⚡ VAT Quick Facts (2024/25)

🔹 Standard Rate: 15%
🔹 Mandatory Registration: N$1M+ turnover
🔹 Voluntary Registration: N$200k+ turnover
🔹 Returns: Bi-monthly (every 2 months)
🔹 Payment Due: 25th of following month
🔹 E-invoicing: Planned for 2025+

🎯 Golden Rules for Deductions

✅ Always Deductible

  • Business purpose expenses
  • Income-earning activities
  • Professional development

⚠️ Conditions Apply

  • Vehicle expenses (logbook)
  • Home office (official designation)
  • Mixed personal/business use

❌ Never Deductible

  • Personal living expenses
  • Fines and penalties
  • Private entertainment
🎉 Tax Amnesty Available Until October 2026! Pay outstanding taxes and penalties/interest are waived. Contact Namibian Revenue Authority for details.
⚠️ Audit Alert: Keep records for 5 years! Namibian penalties: Provisional tax returns: N$100/day late filing + 10%/month on tax due. Final annual returns: N$300 one-time late filing penalty + 10% one-time late payment penalty. Interest: 20% per annum on unpaid tax (all cases).

📚 Need More Detailed Information?

For comprehensive tax guidance, deduction strategies, and detailed explanations, visit our complete tax education guide.

📋 Information Accuracy: All tax rates and information updated for 2024/25 tax year based on current Namibian regulations.

⚠️ Disclaimer: This is a quick reference guide. For specific tax advice, consult with a qualified tax professional or contact Namibian Revenue Authority directly.