Namibia | 2025 Mid-Year Budget Review Update

Namibia | 2025 Mid-Year Budget Review Update

On 21 October 2025, the Minister of Finance, Hon. Ericah B. Shafudah, presented the Mid-Year Budget Review in Parliament.

During the address, ten income tax-related amendments were highlighted. These proposals were previously announced in the annual Budget Statement on 27 March 2025. They are included in the Income Tax Amendment Bill 2025, which is anticipated to be passed into law by the end of this financial year.

Proposed change to housing allowance/benefit

A key proposal affecting payroll relates to the housing allowance/benefit structure for PAYE purposes.

  • The government is proposing that a ceiling amount of N$400,000 be set on the annual housing allowance/benefit amount that is currently subjected to the one third exemption.
  • Please note, this is currently a proposed amendment and is not yet law. We will provide further information and confirm the details once the Income Tax Amendment Bill 2025 has been officially passed.

Full Budget Statement

For more information and to review all proposals in detail, you can read the full statement here: https://www.pwc.com/na/en/assets/pdf/2025-minister-of-finance-mid-year-budget-statement.pdf



    • Related Articles

    • Namibia: The 2022/23 Mid-Year Budget Review Statement: Government Proposes Tax Relief Measures for Upcoming Budgets

      On 25 October 2022, Finance Minister Iipumbu Shiimi presented the Mid-Year Budget Review Statement for the 2022/23 fiscal year to the parliament. Although most of the tax measures presented were announced earlier, the government is taking a gradual ...

    • Malawi | New Tax Measures for Mid-Year Budget Review

      The Honourable Minister of Finance, Economic Planning and Decentralization presented the 2025/26 Mid-Year Budget Review to Parliament on Friday, 21st November, 2025. New tax measures for Domestic Taxes and Customs & Excise were announced. The new ...

    • Zimbabwe: 2024 mid-term budget review

      The 2024 Zimbabwe mid-term budget review was presented on July 25, 2024. The following key proposed tax measures to the 2024 national budget statement and corresponding Draft Finance Bill are listed below : Amendments to the Reserve Bank Act to ...

    • Zimbabwe: 2022 Mid-Term Budget Proposals

      The 2022 Mid-Term Budget and Economic Review & Supplementary Budget Speech was presented to Parliament by the Minister of Finance and Economic Development on Thursday 28th July 2022. With regards to Pay As You Earn, the Minister proposed to review ...

    • Namibia | Travel Allowance & Reimbursements

      Travel Reimbursements Travel reimbursement is provided to cover employees' travel expenses and is not subject to tax through payroll, as it simply compensates the employees for the costs they incurred during business travel. However, on assessment, ...