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Uganda Revenue Authority’s just-launched Digitalisation and IT Strategy 2023/24-2027/28 is a “living and breathing” testament to the tax authority’s determination to leverage cutting-edge technology to achieve the organisation’s mission to “mobilize revenue for national development in a transparent and efficient manner,” that should be embraced and supported by all stakeholders, John R. Musinguzi, the Commissioner General has rallied all stakeholders. The 5-year strategy is a master plan that seeks to improve efficiency, effectiveness, and service delivery to the taxpayer and in so doing, maximise revenue growth and increase customer service satisfaction. At the core of the strategy is the use…
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Uganda Revenue Authority (URA) announced last week that for the financial year 2022/2023 it had collected UGX 25,209.05 billion⏤an extra UGX 57.48 billion against a target of UGX 25,151.57 billion, reflecting a performance of 100.23%. This follows a 16.4% growth in revenue collections (UGX 3,551.04 billion) from the UGX 21.062 trillion registered in 2021. The year before that, revenue collections grew 12.14%. This performance, the tax authority attributed to “an intensive agenda to grow local revenue mobilisation” in which “URA employed a number of measures such as automated ledger reconciliation, the EFRIS and DTS solutions”. This is the first time in…
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Despite the fact that the global economy is undergoing a sharper-than-expected slowdown amidst lingering fears of a recession, Uganda Revenue Authority (URA) reported that net revenue collections for the nine months of the FY 2022/23 reached UGX 17.53 trillion against a target of UGX 25.15 trillion. With three months left to go, this represents 69.72 per cent of the annual target. This is a substantial growth of 13.37 per cent or UGX 2.1 trillion compared to the same period in the FY 2021/22. Including the shortfall, this last quarter, URA has to collect UGX7.62 trillion, accounting for the remaining 30.28…
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