Company tax calculator Namibia
The Income Tax Amendment Act, 2024 brought the company tax rate down in two steps, to 30 cents in the dollar for years of assessment starting on or after 1 January 2025.
Enter the company's taxable income to see the tax due and the profit after tax.
How it's calculated
- Company income tax is 30% of taxable income, for any company or close corporation that does not earn its income from mining.
- Profit after tax is taxable income less the tax.
An example
A company with taxable income of N$1,000,000 pays N$300,000 in tax and keeps N$700,000.
Frequently asked questions
What was the rate before?
32 cents in the dollar, then 31 cents for years of assessment starting on or after 1 January 2024, and 30 cents from 1 January 2025.
When is the company tax return due?
NamRA expects company and close corporation returns seven months after the financial year end.
How much of an old loss can a company set off?
Since the 2024 amendment, an assessed loss carried forward can reduce the year's taxable income by up to N$1 million or 80% of that income, whichever is greater.
Key terms
- Taxable income
- Income less the deductions and allowances the Income Tax Act permits.
- Close corporation
- A small business entity registered under the Close Corporations Act, taxed like a company.
Up-to-date official data
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