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Deductions may be legally be used to reduce one’s taxable income which in turn means a lower tax bill.

The recent 2024/2025 budget speech by the Minister of Finance introduced changes to the income tax thresholds for individuals. These changes are set to take effect on 1 March 2024. Below, we discuss the concept of income tax and the changes introduced in the budget speech.

Taxes are a fundamental aspect of any nation’s financial structure, and Namibia is no exception. Understanding the Namibian tax system empowers you to fulfil your civic duty and manage your finances effectively.

The Green Hydrogen Project in Namibia is a multi-billion-dollar initiative to develop the country’s vast renewable energy resources and become a major exporter of green hydrogen and its derivatives, such as green ammonia.