Bank Accounts website
Flag Theory website
We are not currently operating in this jurisdiction.
For a full list of countries where we operate, please click below.

Namibia

Taxes

Want to setup a company in Namibia? This will tell you about tax laws for a LLC, which is the most common company structure in Namibia.

Namibia imposes corporate income tax on a territorial basis, This means that offshore income, from our research, but seek professional advice, is not subject to taxation. Income accrued or deemed to be accrued within Namibia is taxed at a corporate income tax standard rate of 32%. CIT rates may vary according to economic activity, 18% for registered manufacturers, 55% for diamond mining, 37.5% for other mining income and 35% for petroleum income. This ranks Namibia as 156th when compared to corporate tax rate worldwide.

The VAT rate in Namibia is 15.00%, which ranks Namibia as 79th overall in terms of value added tax rate worldwide. In terms of other taxation, an employer will contribute 0.90% to the equivalent of a social security fund and an employee will contribute 0.90%. The overall complexity of the tax system is low. This is measured by average time to comply with a country's labor tax requirements is as it is 46hours. Contributing to this is the number of yearly labor tax payments, which is 1 in NA.

Thin cap standards are officially enacted. This refers to any type of requirements on a business and the debt-to-asset ratios. Dividends received are tax-exempt. Dividends are a distribution of a portion of a company's earnings, established by the board, to shareholders. Capital Gains are not subject to taxation, except those from mining or petroleum. A capital gains tax is levied on the profits that a corporation or natural person realizes when he or she sells sells a capital asset for a price that is higher than the purchase price.

The interest withholding tax rate is estimated at 10%. Which means that the relevant tax authorities expects legal entities to pay tax on 10% of interests remitted abroad. The dividends withholding tax rate is 20%. Which means that the taxman expects companies to pay tax on 20% of dividends paid to non-residents. The royalties withholding tax rate is 10%. This means that the tax authorities expects companies to pay tax on 10% of royalties remitted abroad.
There is no known tax on wealth in Namibia. There are no known inheritance taxes. There are property and transfer taxes. We are not aware of any widely used credits for innovation spend that include tax relief here.

The above is not tax or legal advice for your particular situation. We are able to point you to an expert in Namibia who can properly advise you. Want to work together? Click incorporate now if you are in a hurry, or press the free consultation button above.

Country details

Namibia
NAD
Windhoek
Africa
en-NA, Afrikaans, German (Standard), hz, naq
2,128,471

Tax treaties

Country Type Date Signed
Malaysia DTC  1998-07-28
Canada DTC  2010-03-25
Botswana DTC  2004-06-16
Germany DTC  1993-12-02
India DTC  1997-02-15
France DTC  1996-05-29
South Africa DTC  1998-05-18
United Kingdom DTC  1962-05-28
Mauritius DTC  1995-03-04
Romania DTC  1998-02-25
Sweden DTC  1993-07-16
Russian Federation DTC  1998-03-31

Tax treaties Map

>

Disclaimer

Although we use our best efforts to keep the information of this site accurate and up-to-date, we make no representations or warranties with respect to the accuracy, applicability, fitness, or completeness of the contents of this website. We disclaim any warranties expressed or implied, merchantability, or fitness for any particular purpose. We shall in no event be held liable for any loss or other damages, including but not limited to special, incidental, consequential, or other damages. The contents of this website are just for illustrative purposes and are NOT to be considered as a legal opinion or tax advice and should not be relied upon as such. Far Horizon Capital Inc., and any associated company, is not engaged in the practice of law or tax. If you wish to receive a legal opinion or tax advice on the matter(s) in this website please contact our offices and we will refer you to an appropriate legal practitioner. Use of our websites FlagTheory.com, Incorporations.io, Residencies.io, Passports.io, is subject to our terms and conditions.

Newsletter

Flag Theory is an internationalization and offshore solutions provider, and the creator of incorporations.io. We offer expert consultation advice and assistance.

Your privacy is important for us and we will keep your information secure. View our privacy policy

View past newsletters

Consultation with

Flag Theory is an internationalization and offshore solutions provider, and the creator of incorporations.io

In order to better serve you, we ask that you please fill out the following form as accurately as you can and provide as many details as possible. Thank you.

Your privacy is important for us and we will keep your information secure. View our privacy policy