Namibia revises revenue forecast amid tax growth, diamond sector risk


WINDHOEK, Oct. 30 (Xinhua) -- Namibia reported positive year-to-date revenue performance in the 2024/2025 financial year, revising total revenues upward by 1.7 billion Namibian dollars (about 96 million U.S. dollars) to 92.1 billion Namibian dollars, according to the 2024/2025 Mid-Year Budget review released Wednesday.

The upward revision reflects strong gains across various tax categories, including income, corporate, value-added, withholding, and stamp duties, said Minister of Finance and Public Enterprise Iipumbu Shiimi.

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