Income tax collections surge 28 percent to USD 175 million in first five months

Income tax collections surged 28.5% to USD 175.10 million in the first five months of 2026, compared to USD 136.19 million in 2025. Corporate and non-individual entities contributed USD 84.31 million (up 8.3%). Non-resident taxes brought USD 47.67 million (up 40%). Banking sector tax surged 208% to USD 31.78 million. Individual income tax reached USD 13.88 million (up 11.8%). Collections are under the Income Tax Act effective January 1, 2020.

Income tax collections surged 28.5% to USD 175.10 million in the first five months of 2026, compared to USD 136.19 million in 2025. Corporate and non-individual entities contributed USD 84.31 million (up 8.3%). Non-resident taxes brought USD 47.67 million (up 40%). Banking sector tax surged 208% to USD 31.78 million. Individual income tax reached USD 13.88 million (up 11.8%). Collections are under the Income Tax Act effective January 1, 2020.

Income tax collections surged 28.5% to USD 175.10 million in the first five months of 2026, compared to USD 136.19 million in 2025. Corporate and non-individual entities contributed USD 84.31 million (up 8.3%). Non-resident taxes brought USD 47.67 million (up 40%). Banking sector tax surged 208% to USD 31.78 million. Individual income tax reached USD 13.88 million (up 11.8%). Collections are under the Income Tax Act effective January 1, 2020.

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