Namibia: Tax proposals in 2025/2026 mid-year budget review
Proposed tax measures in 2025/2026 mid-year budget review
Namibia's 2025/2026 mid-year budget review includes the following proposed tax measures:
- Reduction in corporate tax rate to 28% for non-mining companies
- Introduction of 20% corporate tax rate for small and medium enterprises (SMEs) and special economic zones (SEZs)
- Allowance of mining rehabilitation deductions
- Taxation of dividends from preference shares
- Introduction of 10% dividend withholding tax for individuals
- Adjustments to retirement and housing benefits
- Grant to the Namibia Revenue Agency (NAMRA) power to freeze accounts of defaulting taxpayers
- Exemption for SMEs from obtaining clearing agents for certain imports
For more information, contact a KPMG tax professional in Namibia:
Robert Grant | robertgrant@kpmg.com
Bianca Cooper | biancacooper@kpmg.com