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The Uganda Revenue Authority (URA) has exceeded its mid-year 2024/25 revenue target of Shs14 trillion, collecting an impressive Shs322 billion above the set goal.
Speaking at a press conference this morning at the URA headquarters, Commissioner General John R. Musinguzi credited the surplus to taxpayers who fulfilled their obligations diligently.
“I am pleased to report that net revenue collection for the half-year reached Shs 15,248.99 billion. As a tax authority, we deeply appreciate every taxpayer who contributed their fair share to building our nation,” Musinguzi said.
He revealed that the surplus came from the Domestic Taxes Department, which collected Shs10 trillion, while International Taxes fell short of its target by Shs28.26 billion.
Musinguzi attributed the positive performance to government policy measures and a favourable business environment, which supported economic growth and boosted revenue collection.
“Effective government policies and a conducive economic environment facilitated business growth and the opportunities tied to it,” he explained.
Additional contributing factors included improved administrative measures, increased tax training and sensitisation efforts, encouragement to settle tax disputes, data analytics, and a recently concluded tax waiver programme.
He emphasised that enhanced administrative strategies fostered tax compliance and the settlement of arrears, significantly improving collections during the first half of the 2024/25 financial year.
The revenue target for the second half of the financial year stands at Shs 16,442.32 billion. Musinguzi outlined several strategies to meet this goal, including sustained stakeholder engagement, expanded tax education initiatives, enhanced staff accountability, leveraging technology and data analytics, resolving disputes through Alternative Dispute Resolution (ADR), and a stronger focus on a client-centric approach.
“We will treat our taxpayers with dignity and courtesy. With God’s guidance and through the use of technology, intelligence, vigilance, professionalism, and dedication, we are confident of successfully closing the next half of the financial year,” Musinguzi concluded.