The Namibia Revenue Agency (NamRA) collected N$42.4 billion in net revenue during the first six months of the 2026/27 financial year, reaching 51.4% of its annual revenue target of N$82.6 billion.
According to the agency’s revenue performance report for the period ending 30 September 2026, gross revenue collections amounted to N$49.3 billion before refunds totalling N$6.9 billion were processed.
The figures show that NamRA has exceeded the halfway mark of its annual revenue target, with N$40.2 billion still to be collected during the remaining six months of the financial year.
To achieve the full-year target, the agency will need to collect an average of approximately N$6.7 billion per month between October 2026 and March 2027, compared with the N$7.1 billion monthly average recorded during the first half of the financial year.
The report shows that revenue collections were largely driven by the Southern African Customs Union (SACU), value-added tax (VAT), personal income tax (PIT) and corporate income tax (CIT).
SACU receipts accounted for the largest share of net revenue at 27.3%, contributing approximately N$11.5 billion.
VAT followed with N$10.2 billion, representing 24% of total collections, while personal income tax contributed N$9.7 billion, equivalent to 22.9%.
Corporate income tax generated N$7.3 billion, accounting for 17.3% of net revenue, while other taxes contributed N$3.6 billion, representing 8.4%.
The figures indicate that SACU receipts and VAT collectively accounted for more than half of Namibia’s net revenue collections during the period.
NamRA’s performance places the agency slightly ahead of the halfway point of its annual collection target, although maintaining revenue growth during the second half of the financial year will be critical to meeting the N$82.6 billion target.
The agency’s revenue collections remain central to financing government expenditure, supporting public services and limiting the need for additional borrowing.
