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Tag Archives: tax revenue

URA realizes low revenue collection in August

Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority (URA) realized less revenue last month with both domestic and international taxes performing poorly. According to Ministry of Finance filings for the month, collections in August were below target by 149 billion shillings. Overall, URA collected 1.4 trillion shillings in August, …

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URA registers biggest surplus in history

Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority collected 16.6 trillion Shillings, much more than it had estimated in the just-ended financial year. Against a target of sh16.4 trillion, the tax body registered a surplus of sh259 billion, the biggest in its entire history. Compared to the 2017/18 financial …

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COMMENT: Uganda’s big dreams, small purse

Why is country mortgaging her future by relying on external borrowing rather than tax revenue? COMMENT | MUSA MAYANJA LWANGA & FLORENCE NAKAZI | In the recent past, owing to Uganda’s many development needs including large infrastructure projects and expanding public administration costs, government expenditure has significantly exceeded revenue collection. This has …

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