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Tag Archives: revenue

Gov’t registers UGX52Bn revenue shortfall in November

Kampala, Uganda | THE INDEPENDENT |¬†Government in the month of November registered a revenue shortfall of 52.18 billion Shillings against its target for the month. This is highlighted in the Ministry of Finance monthly report on the performance of the economy released on Monday. Government through the Uganda Revenue Authority-URA …

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Gulu city officials on the spot over revenue shortfalls

Gulu, Uganda |¬†THE INDEPENDENT |¬†Gulu city officials are under investigation for mismanaging the operations and revenue collection of Gulu main market whose construction was completed in 2015 under the Market and Agricultural Trade Improvement Programme Project (MATIP). The Parliamentary Public Accounts Committee (Local Government) sitting on Tuesday, 14 December 2021 …

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Mbarara city leaders decry drop in local revenue collections

Mbarara, Uganda | THE INDEPENDENT |¬†Mbarara city leaders have expressed concern over the decreasing local revenue for the financial year 2021/22. The city had projected to collect 1 Billion Shillings for the first quarter of the financial year, but only 500 Million Shillings was collected. The leaders accuse the contractors …

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CSBAG wants windfall tax levied on monthly basis to maximize revenue

Kampala, Uganda |¬†THE INDEPENDENT |¬†The Civil Society Budget Advocacy Group (CSBAG) has asked the Committee on Finance, Planning and Economic Development to alter the Income Tax (Amendment) (No.2) Bill, 2021 to allow government levy windfall tax on a monthly basis. In its current state, the Bill that is being scrutinised …

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CSBAG cautions against allowing UNOC to retain oil revenue

Kampala, Uganda |¬†THE INDEPENDENT |¬†Civil Society Organizations have cautioned that allowing the Uganda National Oil Company (UNOC) to retain petroleum revenue will mark the beginning of an oil curse in Uganda. They have now asked the finance committee of Parliament to reject a proposal by the government to have UNOC …

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Mbale city moves to streamline local revenue collection

Mbale, Uganda |¬†THE INDEPENDENT |¬†Mbale city leaders have introduced new measures of collecting revenue. In the previous financial year, the council suffered a shortfall of more than two billion Shillings. It collected 900 Million Shillings out of the projected 3.5 Billion Shillings. In the 2017/2018 financial year, only 2 Billion …

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URA misses first-quarter revenue targets

Kampala, Uganda | THE INDEPENDENT |¬†Uganda Revenue Authority-URA has missed its target for the first quarter of financial year 2021/22 by 499.49 billion shillings. Out of the 4.959 trillion shillings target government pledged, the tax body managed to collect 4.459 trillion shillings. However, this is a revenue collection growth of …

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Budaka town council to drag tax defaulters to court

Budaka, Uganda | THE INDEPENDENT |¬†Budaka town council authorities have vowed to drag tax defaulters to court for non-compliance to remit taxes. The leaders say low revenue collection has crippled service delivery in the town council as they have majorly been depending on revenue from markets, parks, property tax among …

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