close
Share with your friends

Namibia - Other taxes and levies

Namibia - Other taxes and levies

Taxation of international assignees

1000

Related content

Social Security Levies

There are social security taxes paid to the Commissioner of Social Security. The contribution rate for social security is 0.9 percent by the employer and 0.9 percent by the employee up to a maximum of NAD81 per month per employee.

Foreign Financial Assets

Is there a requirement to declare/report offshore assets (e.g. foreign financial accounts, securities) to the country/jurisdiction's fiscal or banking authorities?

As mentioned above, Namibia has a source-based income tax system whereby only income earned from a source within or a source deemed to be within Namibia will be subject to income tax.

Considering the above, only assets that have a bearing on the income earned from a Namibian source or deemed source should be declared to the Namibian Inland Revenue Authority.

Appendix A

No of rooms*

1

2

3

4

5

6

7

8

8+

Location

Monthly taxable benefit (NAD)

Windhoek

500

750

1,000

1,400

1,800

2,200

2,800

3,400

4,000

Swakopmund/Walvisbay

350

550

750

1,000

1,300

1,700

2,100

2,550

3,000

Other municipal areas**

250

375

500

700

900

1,100

1,400

1,700

2,000

Other towns

125

175

250

350

450

500

700

850

1,000


* By room is meant living rooms, such as bedroom, lounge, dining-room, study, etc. and does not include kitchen, scullery, pantry, bathroom, toilet, corridor, lobby, laundry, shower cubicle or bar. Any outbuilding which includes a flat must be divided into rooms.

** Other municipal areas include: Gobabis, Grootfontein, Keetmanshoop, Luderitz, Mariental, Okahandja, Ondangwa, Oshakati, Otjiwarongo, Rehoboth and Tsumeb. 

Notice: Whilst reasonable steps have been taken to ensure the accuracy and integrity of information contained in this document, KPMG Advisory Services (Namibia) (Pty) Ltd (“KPMG in Namibia”), a member firm affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity, accept no liability or responsibility whatsoever if any information is, for whatever reason, incorrect. KPMG in Namibia further accept no responsibility for any loss or damage that may arise from reliance on information contained in this document.

This document is based on the interpretation of the current income tax law and international tax principles by KPMG in Namibia. These principles are subject to change occasioned by future legislative amendments and court decisions. You are therefore cautioned to keep abreast of such developments and are most welcome to consult KPMG in Namibia for this purpose.

Disclaimer:

All information contained in this publication is summarized by KPMG Advisory Services (Namibia) (Pty) Limited, a Namibian limited liability company and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. The information contained in this publication is based on  the Income Tax Act, No 24 of 1981.

© 2021 KPMG Advisory Services (Namibia) (Pty) Ltd, a Namibian private company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal

Stay up to date with what matters to you

Gain access to personalized content based on your interests by signing up today

Sign up today