FY2021/2022 revenue collection performance

Uganda Revenue Authority (URA) has commended Ugandans for enduring COVID-19 pandemic and other global crises that affected the economy and paying obligated tax fares, marking the Financial Year 2021/22 collection the biggest in the history of the country. An Interim Report indicates that last Financial Year 2021-22, URA collected UGX 21,659.44 billion. This means that 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. Although Ugandans made an achievement, the taxman registered a short of UGX 704 billion against a target of UGX 22,363.51 billion….