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Namibia (GMT +2)


      General:
           ▪ Capital City: Windhoek
           ▪ Official Language: English
           ▪ Currency: Namibian Dollar (NAD)
           ▪ Main Exports: Diamonds, uranium, lead, zinc, tin, silver, gold, copper
           ▪ Surface Area: 824.3 sq. km (thousands)
           ▪ Population: 3,030 million (2024,est)
      Key Economic Indicators:
           ▪ GDP: $12.35 billion (2023) / GDP Growth Rate: 4.2% (2023)
           ▪ CPI Inflation Rate (annual): 5.9% (2023)
           ▪ Sovereign Credit Rating: Moody’s: B1
           ▪ Indicator of Economic Freedom Score: 57.5/100
      Exchange Controls:
           ▪ Exist
      Basis of Taxation: (Tax Year End: 28 February)
           ▪ Residents: Namibian-source income
           ▪ Non-residents: Namibian-source income
      Tax Rates:
           ▪ Individuals: Progressive rates to 37% [the first NAD 100,000 of taxable income - 0%]
           ▪ Companies: 32%
           ▪ Inheritance and Donations Taxes: N/A
           ▪ VAT: 15%
           ▪ Withholding Tax: Varying rates apply
           ▪ Capital Gains Tax (CGT): Currently not taxable
           ▪ Double Taxation Agreements: In place with several countries
      Useful links:
           ▪ Namibia Ministry of Finance and Public Enterprises   https://mof.gov.na
           ▪ Bank of Namibia             https://www.bon.com.na


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