{"id":32861,"date":"2022-06-22T17:24:52","date_gmt":"2022-06-22T17:24:52","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/all-news\/ura-remains-optimistic-of-achieving-revenue-targets"},"modified":"2022-06-22T17:24:52","modified_gmt":"2022-06-22T17:24:52","slug":"ura-remains-optimistic-of-achieving-revenue-targets","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/ura-remains-optimistic-of-achieving-revenue-targets","title":{"rendered":"URA remains optimistic of achieving revenue targets"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>Uganda Revenue Authority (URA) has said, it remains optimistic that by the end of June, which closes the 2021\/22 financial year, it would have collected at least Shs2 trillion to achieve the set target.<\/p>\n

In a speech delivered during the East African Community Post Tax and Budget dialogue, in Kampala yesterday, Mr John Musinguzi, the URA commissioner general, said government set a target of Shs22.4 trillion, out of which Shs20.5 trillion has so far been collected.<\/p>\n

\u201cWe are optimistic that \u2026 we are going to achieve it [target]. As of Monday this week we were at Shs20.5 trillion. We need only about Shs2 trillion to finish the year successfully,\u201d he said, noting that a number of simplified and automated processes have supported tax payers in many ways that has seen an improvement in voluntary compliance.<\/p>\n

However, URA has since the year begun posted a number of collection deficits, which have impacted the earlier set target.<\/p>\n

The deficits, notwithstanding some surpluses, have been occasioned by a slowdown in economic activity, dampened by a surge in commodity prices and Covid-19 after effects.<\/p>\n

Mr Musinguzi said during the year, URA had worked on a number of innovations such as auto conversion of customs declaration to combat dumping, expanded the National Electronic Single Window Platform to accommodate 21 more process managers, and instituted a 24-hour Non-Intrusive Inspection Technology, which have gone a long way in simplifying tax payment.<\/p>\n

Other innovations, he said, include adoption of mobile tax offices, among others with the view of improving access to revenue services in areas where there are no permanent offices.<\/p>\n

URA only has approximately 10 days within which it will have to close the deficit. The 2021\/22 financial year will end on June 30.<\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. Uganda Revenue Authority (URA) has said, it remains optimistic that by the end of June, which closes the 2021\/22 financial year, it would have collected at least Shs2 trillion to achieve the set target. In a speech delivered during the East African Community Post Tax and Budget dialogue, in Kampala yesterday, Mr […]<\/p>\n","protected":false},"author":84,"featured_media":32860,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[233,240,234],"class_list":["post-32861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nURA remains optimistic of achieving revenue targets - Uganda<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/ura-remains-optimistic-of-achieving-revenue-targets\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"URA remains optimistic of achieving revenue targets\" \/>\n<meta property=\"og:description\" content=\"Africa-Press – Uganda. Uganda Revenue Authority (URA) has said, it remains optimistic that by the end of June, which closes the 2021\/22 financial year, it would have collected at least Shs2 trillion to achieve the set target. 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