Southern African Customs Union contributes N$21.1 billion to Namibia's tax revenue
via The Namibian2 hours ago1 min read
The Southern African Customs Union SACU was Namibia's largest tax contributor, providing N$21.1 billion by the end of March. The Namibia Revenue Agency Namra reported collecting N$93 billion in gross income, with a net revenue of N$81.1 billion after refunds. Value Added Tax VAT was the second-largest contributor at N$19 billion, followed by personal income tax at N$18.5 billion. Corporate income tax contributed N$14.9 billion. Namra's net collection of N$81.1 billion by March 2026 exceeded the total revenue target of N$79.1 billion for the 2025/26 financial year by 2.6%. The agency also noted N$171 million was paid out due to fraudulent activities in the VAT category over the last three months.
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Original source
This summary was AI-generated from a story originally published by The Namibian.
