Despite the outbreak of the COVID 19 pandemic and other global crises that affected the economy, the Ugandan taxpayer has not blurred their ambition to contribute their fair share of revenue.
In Summary..
An Interim Report indicates that last Financial Year 2021-22, URA collected UGX 21,659.44 billion – the biggest collection in the history of our country.
The revenue grew by 12.44 percent as compared to collections for FY 2020/21, which reflects a nominal growth in revenue of UGX 2,396.44 billion. However, the outturn for the year saw a net revenue collection of UGX 21,659.44 billion, short of UGX 704 billion against a target of UGX 22,363.51 billion.
According to the Commissioner General John R. Musinguzi, the growth in revenue performance for the financial year is attributed to measures such as arrears management, expansion of the register currently at more than 2.5 million taxpayers, country wide customs enforcement initiatives, alternative dispute resolution, tax investigation initiatives among others. Read More