Namibia Corporate income tax rate (non-mining)
Namibia Corporate income tax rate (non-mining) is 30 percent, in force since 1 Jan 2025. It was 31 percent before that. Last checked against the official source on 24 Jul 2026.
Rate of normal tax on the taxable income of a company derived from a source other than mining, set by paragraph 3(1)(a) of Schedule 4 to the Income Tax Act 24 of 1981 and collected by the Namibia Revenue Agency. Applies per year of assessment (a company's own financial year).
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| Current value | 30 percent |
|---|---|
| In force from | 2025-01-01 |
| Official source | Income Tax Amendment Act 4 of 2024 (Act No. 4 of 2024), section 6(b), promulgated by GN 264 in Government Gazette No. 8442 of 16 September 2024 — substituting Schedule 4 paragraph 3(1)(a) of the Income Tax Act 24 of 1981: 'on each N$ of taxable income derived from a source other than mining = (i) 31 cents in respect of the year of assessment on or after 1 January 2024; and (ii) 30 cents in respect of any year of assessment on or after 1 January 2025' |
| Last verified | 2026-07-24 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
STAGED REDUCTION, CONFIRMED IN STATUTE: 32% → 31% for years of assessment commencing on or after 1 January 2024 → 30% for years of assessment commencing on or after 1 January 2025. The 30% leg is what is in force now; the same wording appears in the consolidated Income Tax Act that NamRA publishes on its own site (https://www.namra.org.na/documents/cms/uploaded/income-tax-act-24-of-1981-debf9c72ad.pdf, legislation as at 16 September 2024, Schedule 4 paragraph 3). Section 7(b) of Act 4 of 2024 sets the company commencement: the year of assessment commencing on or after 1 January 2024. DO NOT SERVE AS FACT — the widely reported further cut to 28% for FY2026/27 is a BUDGET PROPOSAL ONLY. It was announced in the 2025/26 and 2026/27 budget statements (the 2026/27 budget was tabled on 26 February 2026), together with a proposed 20% rate for qualifying SMEs and a proposed 10% dividend tax on resident shareholders 'effective January 2026'. None of these has been gazetted: no Income Tax Amendment Act after Act 4 of 2024 appears in the gazette record or on Parliament's bills list, and Schedule 4 still reads 30 cents with no 2026 leg. Until an amendment Act is promulgated, 30% is the rate. OTHER RATES IN THE SAME SCHEDULE (not this series): mining of a mineral other than diamonds, and services rendered in connection with such mining, 37.5 cents (para 3(1)(b)); mining of diamonds, and connected services, 50 cents plus a surcharge of 10% of the tax so determined (para 3(1)(c)); registered manufacturers 18 cents on manufacturing income for 10 years (para 3(2)) — but note the Income Tax Amendment Act 2 of 2020 (GG 7249) phases out the manufacturing and export-processing-zone incentives, its section 2 coming into operation at the end of five years commencing 31 December 2020, so treat the 18% incentive as expiring and re-verify before quoting it. Petroleum income is taxed separately under the Petroleum (Taxation) Act 3 of 1991 and is out of scope here. ACCESS: namra.org.na topic pages render client-side and return nothing to fetchers; mof.gov.na refused connection; namiblii.org returns 403; the gazette PDFs above are the working route.
Earlier values
| From | Value | Source |
|---|---|---|
| 2024-01-01 | 31 | Income Tax Amendment Act 4 of 2024, section 6(b) (GG 8442… |
Get it programmatically
curl https://afriref.dev/v1/na/corporate-tax
# $0.005 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://afriref.dev/v1/na/corporate-tax/history?from=2020-01-01
# Provenance: curl https://afriref.dev/provenance/na/corporate-taxOther Namibia series: Bank of Namibia Repo rate · VAT standard rate · VAT registration threshold · National minimum wage · Public holidays · CPI inflation (year-on-year) · Withholding tax rates · Prescribed rate of interest (mora interest) · Personal income tax brackets · Statutory social-insurance contributions
The same figure elsewhere: Niger · Nigeria · Republic of the Congo · Rwanda · Senegal · all 34