The Uganda Revenue Authority ( URA) is targeting tax collection of over sh 17 trillion (77.82% ) between the period October 2021 and June 2022, of the remaining period of the financial year 2021/2022.
Speaking during a press briefing on revenue performance for the first quarter of the FY 2021/2022 and the factors behind the performance at the URA headquarters in Nakawa, URA Commissioner General John Musinguzi said that in the financial year 2020/2021 managed to achieve a growth in revenue of 14.99%.
He noted that in the financial of 2021/2022 URA is expected to collect sh22.3 trillion which he said is over and above last year’s collection.
Musinguzi added that the domestic revenue collected in the first quarter of the financial year 2020/2021 was sh 2655.56 billion equivalent to a growth of 8.11% that makes sh199.10 billion which however was below the expected target of sh3093.31 billion.
He said Customs revenue as well as below the expected target since it only collected sh1866.8 billion against the target of sh1972.72 billion with reference to a break down of VAT on imports being sh734.30 billion, petroleum duty being sh587.39 billion, import duty being sh 337.25 billion, and others being sh276.62 billion.
In order to increase the effectiveness and efficiency of tax administration, Musinguzi explained that URA has introduced digital tax stamps and electronic fiscal devices to enhance service delivery and voluntary compliance.
He said the focus will be on the additional products such as cooking oil, fruit and vegetable juice, non-alcoholic, alcoholic and fermented products to the current eight products like cigarettes, beers, sodas, water, wines, spirits, sugar, and cement.
As one way towards enhancing the tax collection and service support, Musinguzi emphasized that URA introduced a WhatsApp number as 0772140000 and a web chat available on the URA web portal and the platforms to help a majority of Ugandans especially the small and medium enterprises and the young Ugandans both at home and in the diaspora.