URA Surpasses Mid-Year Revenue Target, Collects Shs 15 trillion
The Uganda Revenue Authority (URA) has surpassed its mid-year revenue target for the 2024/25 financial year, collecting Shs 15 trillion, exceeding the projected Shs 14 trillion by Shs 322 billion. Commissioner General John R. Musinguzi attributed the success to diligent taxpayers and effective government policies that fostered a favorable business environment
The Uganda Revenue Authority (URA) has exceeded its mid-year revenue target for the 2024/25 financial year, collecting Shs15 trillion against the projected Shs14 trillion. This marks an impressive surplus of Shs 322 billion above the set goal.
Speaking at a press conference held this morning at the URA headquarters, Commissioner General John R. Musinguzi attributed this achievement to diligent taxpayers.
“I am pleased to report that net revenue collection for the half-year reached Shs15 trillion. As a tax authority, we deeply appreciate every taxpayer who contributed their fair share to building our nation,” he said.
Musinguzi highlighted that the surplus primarily stemmed from the Domestic Taxes Department, which collected Shs10 trillion. However, the International Taxes Department fell short of its target by Shs 28.26 billion.
The Commissioner General credited the strong performance to effective government policies and a favourable business environment that supported economic growth and enhanced revenue collection.
“Effective government policies and a conducive economic environment facilitated business growth and the opportunities tied to it,” Musinguzi explained.
Additional drivers of the surplus 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 these efforts fostered greater tax compliance and enabled the collection of arrears.
Looking ahead, the URA has set a revenue target of Shs 16,442.32 billion for the second half of the financial year. Musinguzi outlined a series of strategies to achieve this, including sustained stakeholder engagement, expanded tax education initiatives, enhanced staff accountability, leveraging technology and data analytics, and resolving disputes through Alternative Dispute Resolution (ADR). The authority will also focus on a client-centric approach to maintain taxpayer confidence.
“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.
