Preparing for global tax reforms has become an important priority for Namibia as the country seeks to safeguard corporate income tax revenues while ensuring its tax system remains aligned with international developments and national development priorities.
The Namibia Revenue Agency (NamRA) and the Ministry of Finance worked with ATAF to assess the potential impact of the OECD/G20 Global Anti-Base Erosion (GloBE) Rules (Pillar II) on Namibia’s corporate income tax revenues. The assessment will help inform future policy decisions and ensure the country is well positioned to respond to changes in the international tax landscape.
The engagement also included a review of Namibia’s corporate tax incentives to assess whether they remain effective, transparent and aligned with national development priorities. Together, these assessments are strengthening the evidence base for future tax policy decisions while helping ensure that investment incentives continue to promote economic growth without unnecessarily eroding the tax base.
By combining an assessment of the Global Anti-Base Erosion (GloBE) Rules with a review of corporate tax incentives, the engagement provided NamRA and the Ministry of Finance with practical evidence to support future policy decisions. The findings will help Namibia strengthen the resilience of its corporate tax system and ensure that its tax policies remain effective in an evolving international tax environment.
