In Namibia, which of the following types of income is generally exempt from tax?

In Namibia, individuals who earn below N$150,000 per year are exempt from paying income tax. This threshold is part of Namibia's progressive tax system, where the tax liability increases with higher income levels.

A person (company, individual, trust and partnership) carrying on a taxable activity with a turnover for the past or future 12 month period in excess of N$500 000, must register for VAT.

The company tax rate for non-mining businesses in Namibia is currently set at 32%. This rate is applicable to the taxable income of companies that are not involved in mining activities or other special sectors that might have a different tax rate.

Employers in Namibia are required to deduct and remit PAYE (Pay-As-You-Earn) to the Namibia Revenue Agency (NamRa) on behalf of their employees.

Non-residents earning Namibian-sourced interest income must pay withholding tax.

One of the deceased estate executors first functions is to ensure that all taxes due and payable to the Namibia Revenue Agency (NamRA) are paid and all mandatory tax returns are submitted.  

Source is not defined, however the principle rule is to determine the originating cause of the income. And if that cause is located in Namibia, then the source is Namibia. Namibia follows a residence-based tax system where residents are taxed on their worldwide income.

In Namibia, Capital Gains Tax (CGT) applies to the sale of all capital assets, such as property, shares, and other investments.

When an entity conducts trade outside the domestic jurisdiction in which it was originally established, tax issues may arise if the same income is taxed twice (in the country of residence and the country where the income has been earned). Relief may be available when a double tax agreement is in place between the two countries.