By Gideon Peter Ssebulime
27th Oct 2022
Uganda Revenue Authority -URA has released the performance report of the first quarter for the financial year 2022/23, indicating a surplus in revenue collection by 286.44 billion shillings against the set target.
Releasing the report on Thursday at their headquarter in Nakawa for the period, July to September 2022, the URA Commissioner General John Rujoki Musinguzi, said the net revenue collections were UGX 5,418.60 billion against a target of UGX 5,132.17 billion.
This represents a 105.58% improved performance and a revenue increase of UGX 957.80 billion (21.47%) compared to the same period in the previous financial year (July to September 2021/22).
Musinguzi noted that the major surpluses were registered in Pay-As-You-Earn -PAYE (UGX 85.89 billion), casino tax (UGX 17.34 billion), Corporate tax (UGX 14.99 billion), tax on bank interest (UGX 4.69 billion) and rental tax (UGX 1.46 billion).
The registration performance is attributed to key initiatives like Tax Education and sensitization, Taxpayer Register Expansion Program (TREP), Data analysis from third-party data, stakeholder engagements and using the Tujenge bus to reach the taxpayers.
On the other hand, Musinguzi said, there are some slight shortfalls recorded in the withholding tax that stands at (UGX 63.29 billion), VAT (UGX 41.28 billion), Local Excise Duty (LED) (UGX 10.13 billion) and treasury bills (UGX 7.51 billion).
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