Namibia Withholding Tax RateNamibia Withholding Tax RateNamibia Withholding Tax Rate

Namibia Withholding Tax Rate

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Key data points


Last release
Observation period
2023
Next release
Forecast
Highest
10.00% on Dec 31, 2023
Lowest
10.00% on Dec 31, 2023

About Namibia Withholding Tax Rate


Category
Taxes
Frequency
Annual
Units
%
In Namibia, the withholding tax rate is a tax collected from companies. It applies to businesses when they make payments to other business entities or individuals, e.g., in the form of dividends, interest, and royalties. The benchmark we use refers to the standard withholding tax rate on interest for non-residents. Revenues from the withholding tax rate are an important source of income for the government of Namibia.