Namibia says its planned reduction in the corporate tax rate from 32% to 28% over the next two years is aimed at attracting investment, promoting business growth, and improving the country’s competitiveness in both regional and global markets.
According to President Netumbo Nandi-Ndaitwah, the corporate tax rate will first drop from 32% to 30% in the 2025/26 financial year, followed by a further reduction to 28% in 2026/27.
“For example, the corporate tax is reduced from 32% to 30%, effective from the 2025/26 financial year. Looking ahead, we are considering a further corporate tax reduction to 28% in the 2026/27 financial year. In addition, Namibia offers generous capital allowances to support investment growth across various sectors,” she said.
The President made the remarks at the Invest in Namibia session in Luanda, Angola, on 24 June 2025, held on the sidelines of the 2025 U.S.-Africa Business Summit.
She reaffirmed Namibia’s commitment to creating a supportive environment for both domestic and foreign investors, highlighting that the country’s tax incentives, political stability, and legal protections are key advantages.
“To give you peace of mind, when you decide to invest in Namibia, you must know there is peace and stability in the country. Your investment is protected by law, you will not have a problem repatriating your profits, and banking and communication services are very competitive. You are also encouraged to enter into joint ventures with Namibians and to join PPPs,” she said.
The announcement comes as part of a wider restructuring of Namibia’s institutional framework under the new administration.
Trade and Investment now fall under the Ministry of International Relations and Trade, which houses the Namibia Investment Promotion and Development Board.
Meanwhile, upstream oil and gas activities have been moved under the Office of the President to strengthen governance and oversight.
The government is also finalising the Namibia Investment Promotion and Facilitation Bill, which is expected to improve the country’s legal and regulatory environment for investors.
