The Namibia Revenue Agency (NamRA) says its gross revenue collection reached N$70 billion by 31 December 2025. After processing refunds totalling N$8.922 billion, net revenue amounted to N$61.1 billion.
According to NamRA, the agency has set a revenue collection target of N$88 billion for the 2025/26 financial year.
“NamRA collected N$70 billion in gross revenue during the review period. After processing refunds totalling N$8.9 billion, net revenue stood at N$61.1 billion, representing 68.6% of the FY2025/26 annual revenue target,” the agency said.
The agency attributed its operational performance to its two main directorates. The Domestic Taxes Department collected N$41 billion, accounting for 66.56% of its specific target, while the Customs and Excise Department collected N$19 billion, achieving a higher target completion rate of 73.44%.
International tax emerged as the largest contributor, generating N$17 billion, or 28.7% of total net revenue.
Value Added Tax (VAT) followed, contributing N$14 billion, representing 23.8% of collections.
The remaining revenue was derived from direct income taxes and other categories. Personal Income Tax (PIT) contributed N$13 billion, accounting for 22.1% of total revenue, while Corporate Income Tax (CIT) added N$11 billion, or 19.3%.
Other miscellaneous tax categories accounted for the remaining 6.0%, amounting to N$3.6 billion.
