New Tax Brackets 2024 Namibia. The 2024/25 budget increases the threshold for the individual income tax from nad 50,000 to nad 100,000, effective 1 march 2024. During the 2023/2024 annual budget speech, the minister of finance communicated that there will be tax relief for individuals in the 50,000 to 100,000 namibian dollars (nad) tax bracket.

Total revenues are estimated at n$90.4 billion for fy2024/25, an increase of 11.5% from the previous year. The 2024/25 budget increases the threshold for the individual income tax from nad 50,000 to nad 100,000, effective 1 march 2024.