Namibia | 2026/2027 Budget Speech, proposed changes to individual income tax brackets

Namibia | 2026/2027 Budget Speech, proposed changes to individual income tax brackets

The Minister of Finance, Hon. Ericah Shafudah, presented the 2026/2027 Budget Statement to Parliament on 26 February 2026.
The Income Tax Amendment Bill is currently under legal review and is expected to be introduced in Parliament between July and September 2026(Q2 of 2026).
All announced tax measures must complete the legislative process before they become effective. No detailed rates or implementation dates have been published at this stage.
  1. No changes to statutory payroll calculations for the 2026/2027 tax year
  2. PAYE rates, thresholds and withholding obligations remain unchanged until further legislation is enacted.
What is changing
​Individual income tax rates and brackets, proposed revision
  1. The Ministry intends to revise personal income tax brackets and thresholds over a two-year period.
  2. The objective is to reduce fiscal drag and enhance fairness within a progressive tax system.
  3. The proposal is designed to ensure that inflation does not move taxpayers into higher tax bands without a real increase in income.
  4. No revised rates, thresholds or effective dates have been confirmed.
  5. The revised brackets will apply only once the Income Tax Amendment Bill is passed and the effective dates are formally published.
Official source
  1. Republic of Namibia, Budget Statement for the 2026/2027 Financial Year, presented 26 February 2026.