NAMIBIA

Namibia is remarkable and unique. It has one of the lowest population densities in the world and bizarre desert scenery. Huge sand dunes, dry desert mountains, and amazing plant and animal life are some of the highlights.
Etosha Game Park is one of the best game parks in Southern Africa. It is home to many lions, rhinos, elephants, buffalo and hippos. All sorts of less well known but equally interesting creatures (like bat-eared foxes and honey badgers) are also found there.
The peoples of Namibia are diverse and interesting. They include one of the oldest cultures on earth: the San or "Bushman" peoples. The German colonization of Namibia has resulted in a peculiar cultural mix. Parts of the country still have a fascinating German colonial atmosphere and culture.

RAPID INFORAMTION DATA SHEET
  (Actually based on the year 2007 estimates)

Geography
Official language: English
Other key languages: Afrikaans, German, Khoisan, other local languages
Major religious groups: Christian
Capital: Windhoek
Population: 2.1 m
Land area: 824,268 km²
Population density (people/Km²): 2.5

Key economic data
GDP: US$ 6.9 bn
GDP per capita: US$ 3,286
PPP GDP per capita: US$ 4,876
Average Real GDP growth 2000-06: 4.7%
Currency: Namibian Dollar
Inflation: 5.1%
Exports: US$ 2,648 m
Imports: US$ 2,544 m
Key exports: Diamonds, prepared & preserved fish, metal & uranium ore, beverages & other food products, refined zinc
Key imports: Transport equipment, Refined petroleum products,
machinery & equipment, chemicals, rubber & plastics products, textiles, clothing

NAMIBIA

Tax indicators

Companies:
• Company tax: Resident companies: 35%
• Company tax: Non-resident companies: 35%
• Secondary Tax on Companies (STC): None
• General sales tax: None
• Value-added tax; 15%

Individuals:
• Fiscal year end: 28 February
• Individual marginal tax rate (maximum): 35%
• Basis of taxation; Source-based

Withholding tax:
• Interest: 10%
• Dividends: 10%
• Royalties: 10.5%
Exchange controls: Exist
Double tax treaties: Exist
Capital gains tax; None

© 2008 - Allied African Nations Chamber of Commerce. All rights reserved.


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