Namibia: Income and profits taxes

* indicates monthly or quarterly data series
 Namibia

Income, profits, and capital gains taxes: percent of revenue

 Latest value 38.39
 Year 2022
 Measure percent
 Data availability 1990 - 2022
 Average 34.63
 Min - Max 22.66 - 42.44
 Source The World Bank
The latest value from 2022 is 38.39 percent, a decline from 40.53 percent in 2021. In comparison, the world average is 31.54 percent, based on data from 93 countries. Historically, the average for Namibia from 1990 to 2022 is 34.63 percent. The minimum value, 22.66 percent, was reached in 1991 while the maximum of 42.44 percent was recorded in 2002. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Namibia - Income and profits taxes - Recent values chart

Historical series
Namibia - Income and profits taxes - historical chart - 1990-2022




Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.

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 Related indicators Latest Reference Measure
 Government spending, percent of GDP 21.78 2023 percent
 Government spending, in dollars 2.69 2023 billion U.S. dollars
 Fiscal balance, percent of GDP -3.80 2023 percent
 Government debt 67.00 2021 percent
 Tax revenue 27.17 2022 percent
 Commercial tax rate 20.70 2019 percent
 Tax preparation time 302 2019 hours
 Number of taxes 27 2019 taxes
 Taxes on goods and services 25.03 2022 percent
 Taxes on international trade 22.80 2022 percent
 Income and profits taxes 38.39 2022 percent
 Foreign aid 325.31 2022 million U.S. dollars
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