Personal Income Tax Brackets

The following brackets are applicable for the 2014 Tax Year. The below is also referred to as the Tax Table.

 

It's very easy to use: Simply calculate all your taxable income, then select the bracket you fall in. You'll then pay the amount mentioned plus the % on that amount that is above the preceding bracket. It's calculating the taxable income which is the tricky part. Fortunately you've got the NamTax Wizard to help with that.

 

N$ 0 - N$ 50,000                                 NIL   

N$ 50,001 - N$ 100,000                    18 % of amount above N$ 50,000

N$ 100,001 - N$ 300,000                   N$ 9,000 + 25% of amount above N$ 100,000

N$ 300,001 - N$ 500,000                   N$ 59,000 + 28% of amount above N$ 300,000

N$ 500,001 - N$ 800,000                   N$ 115,000 + 30% of amount above N$ 500,000

N$ 800,001 - N$ 1,5 mill.                   N$ 205,000 + 32% of amount above N$ 800,000

Above N$ 1,5 million                          N$ 429,000 + 37% of amount above N$ 1,5 mill.

 

 

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