Financial Year Archives – CEO East Africa

URA racks up UGX 15 trillion tax revenues from 4.8 million Taxpayers in first half of new Financial Year

Paul MurungiThe Big StoryJanuary 8, 2025January 8, 2025

Uganda Revenue Authority Commissioner General, John Rujoki Musinguzi has released net tax collections for the half-year from July to December 2024 recorded at UGX 15 trillion against a target of UGX 14 trillion registering a surplus of UGX 322 billion and a performance rate of 102 percent. The Commissioner General, while at the half-year revenue performance press briefing noted for the Financial Year (FY) 2024/25, URA was given a net revenue target of UGX 31 trillion of which 48% representing UGX 15 trillion, was to be collected in the period July – Dec 2024 and 52% of the target, that…

This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!

Ugandan Banks harvest UGX 1.4 trillion in net profits as assets grow to UGX 53 trillion- Bank of Uganda data

Paul MurungiThe Big StoryNovember 14, 2024November 14, 2024

Latest data from Bank of Uganda (BOU) shows Ugandan banks and other supervised financial institutions, remain profitable and adequately capitalised following a surge in net-after-tax profit to UGX 1.4 trillion registered for the Financial Year ending June 2024. The UGX 1.4 trillion is higher than the UGX 1.3 trillion registered in the year to June 2023, showing an increase by a billion shillings. The data is based on the BOU annual report published at the end of October. BOU noted that the net earnings in the review period were mainly driven by increased interest income and a reduction in provisions…

This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!

Subtotal	UShs0
Shipping	UShs0
Tax	UShs0
Total	UShs0