🇳🇦

Quick Tax Reference Guide

2024/25 Rates Deductions

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

💰 2024/25 Tax Brackets (Current - Updated)

N$0 - 100k: 0%
N$100k - 150k: 18%
N$150k - 350k: 25%
N$350k - 550k: 28%
N$550k - 850k: 30%
N$850k - 1.5M: 32%
N$1.5M+: 37%
⚠️ Updated: Tax brackets were revised for 2024/25 tax year. Previous thresholds were incorrect.

📋 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: N$100/day late filing + 10%/month + 20% annual interest.

📚 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.