By Our Reporter
Uganda Revenue Authority (URA) figures released Tuesday shows that during the period July to March, the actual net revenue collections were UGX 15,466.68 billion representing 69.16% of the annual target.
A significant growth in revenue of UGX 1,490.41 billion (10.66%) was registered in July to March FY 2021/22 compared to the same period in the FY 2020/21.
However, the outturn for the period was short of the target of UGX 16,532.43 billion by UGX 1,065.75 billion.
URA Commissioner General John Musinguzi says that with only two months to close the FY 2021-22, as a tax administration, the taxman recognize that because of the impact of COVID 19, businesses have not fully picked and for this, he said, “we want to commend all taxpayers for your consistent fulfilment of your tax obligations. It is because of you that the Government has been able to provide the much- needed social services.”
Musinguzi noted that the Authority is also doing all “we can within our means to support businesses to remain afloat so that they are able to contribute revenue.”
As URA races towards the end of this financial year in June 2022, the taxman has to collect UGX 5.9 Trillion.
“We are optimistic that we shall meet this target,” Musinguzi told the media Tuesday, “I call upon all Ugandans to collaborate with us as we develop Uganda together. I would also like to thank the media for the continued support towards domestic revenue mobilization.”