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Taxation in Namibia
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Taxation in Namibia

There is a progressive personal income tax with a top rate of 35%. The basic tax on corporate profits is 35%. Non-resident shareholders are taxed 10% on dividends, and there is a tax on undistributed profits. Diamond mines are taxed at a rate of 55%. Gold mines and oil and gas extraction companies are taxed at a special rate. As of 27 November 2001, a value-added tax (VAT) replaced the 8% general sales tax (GST), with a standard rate of 15%. Exempted from VAT are education, medical services, hotel accommodations and public transportation. There are also excise taxes on luxury goods.

Double taxation treaties concluded between Namibia and various countries may override the general income tax principles and rates of withholding taxes. Countries with which Namibia has double taxation treaties are the UK, France, South Africa, Romania, Sweden, Russia, Germany, India and Mauritius.

An agreement with Mali was signed but not yet ratified and published.





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