The Namibia Revenue Agency (NamRA) collected N$15.6 billion in April and May 2026, equivalent to 16.5% of its annual revenue target of N$82 billion for the 2026/27 financial year.
Speaking in an interview with The Brief, NamRA Commissioner Sam Shivute said the agency remains on track to achieve its revenue collection target.
“I am very pleased to report that the Namibia Revenue Agency is on course to reach its revenue target. This year our target is N$82 billion, and I am happy to report that during the first two months, April and May, we have already collected about 16.5% of that target,” Shivute said.
Shivute attributed the strong performance to increased receipts from the Southern African Customs Union (SACU), improved contributions from the mining sector and strong tax payments from the financial services industry, particularly commercial banks.
“We have seen increased receipts from SACU, which is a major contributor. The mining sector is performing very well, and the financial services sector, especially commercial banks, is also contributing strongly,” he said.
He added that the manufacturing sector had also performed well, particularly companies involved in beer production.
“This year they are performing much better than the year before. In manufacturing, especially companies producing beer products, we are also seeing very strong tax contributions,” Shivute said.
However, he noted that NamRA expects stronger revenue contributions from other sectors as the financial year progresses.
“We still want to see more revenue collection from the fishing sector. We want to see more revenue coming from the tourism sector. But it is still too early to draw conclusions. The good news is that the revenue collected during the first two months is performing much better than in the previous year,” he said.
Shivute said NamRA would continue strengthening domestic resource mobilisation efforts to sustain revenue growth and support government financing needs.
The latest figures follow a strong performance during the 2025/26 financial year, when NamRA reported gross revenue collections of N$70 billion by 31 December 2025. Net revenue collections reached N$61.1 billion after refunds of N$8.9 billion, representing 68.6% of the agency’s N$88 billion annual target.
During that period, the Domestic Taxes Department collected N$41 billion, while Customs and Excise contributed N$19 billion.
International tax was the largest revenue source at N$17 billion, accounting for 28.7% of total collections, followed by Value Added Tax (VAT) at N$14 billion (23.8%), Personal Income Tax at N$13 billion (22.1%), Corporate Income Tax at N$11 billion (19.3%), and other tax categories at N$3.6 billion (6.0%).
