Windhoek:The Namibia Revenue Agency (NamRA) has reported the collection of net revenue amounting to N$42.4 billion by September 30, 2026. This figure represents 51.4% of the agency's N$82.6 billion target for the 2026/27 financial year.

According to NAMPA, the gross revenue collected by NamRA in the six months leading up to September 30, 2026, was N$49.3 billion. After processing refunds totaling N$6.9 billion, which accounted for 14% of the gross revenue, the net revenue was adjusted to N$42,421,830,272.

NamRA detailed in its "NamRA in Numbers" update that domestic tax contributed N$28.6 billion, meeting 50% of its target and accounting for 67.4% of the net revenue. Meanwhile, customs and excise taxes added N$13.8 billion, achieving 54% of its target and making up 32.6% of the net revenue.

Breaking down the contributions by tax type, the Southern African Customs Union (SACU) receipts emerged as the largest source, contributing N$11.5 billion, or 27.3% of the net revenue. Value-added tax (VAT) generated N$10.1 billion, equating to 24% of the net revenue. Personal income tax (PIT) brought in N$9.7 billion, representing 22.9%, while corporate income tax (CIT) accounted for N$7.3 billion, or 17.3%. Other revenue sources contributed N$3.6 billion, or 8.4%.

The agency faces the challenge of raising an additional N$40.2 billion in the second half of the financial year to meet its annual revenue target of N$82.6 billion.