URA collected record-high taxes in the financial year 2021/22

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.

URA headquarters Nakawa Pulse

According to the Commissioner General, John 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.

Domestic Taxes collections were UGX 13,664.65 billion against a target of UGX 14,662.13 billion, registering a deficit of UGX 997.48 billion and performance rate 93.20 percent. The domestic taxes collections grew by UGX 1,520.64 billion (12.52 percent) compared to last financial year.

The customs collections were UGX 8,434.36 billion against a target of UGX 8,140.49 billion, posting a surplus of UGX 294.63 billion and registering a performance of 103.62 percent. The customs collections also grew by UGX 929.25 billion compared to last financial year.

With the FY2022/23 target of UGX 25.1 trillion at hand, the Commissioner-General unveiled a number of key strategic measures that URA will undertake to support taxpayers to comply but also get our country out of the shame of economic dependence, and poverty.

Government did not introduce any new taxes in Financial Year 2022/23 due to the need to foster speedy economic recovery. However, there are amendments in the tax legislation intended to provide clarification on ambiguous provisions and close loopholes that may lead to revenue leakage.

URA says it will continue to foster efficiency in collection, use third-party information for taxpayer registration, promote staff integrity and reduce corruption tendencies.