{"id":70244,"date":"2024-04-02T09:34:45","date_gmt":"2024-04-02T09:34:45","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/all-news\/we-will-aggressively-cut-tax-arrears-govt-tells-imf"},"modified":"2024-04-02T10:01:01","modified_gmt":"2024-04-02T10:01:01","slug":"we-will-aggressively-cut-tax-arrears-govt-tells-imf","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/we-will-aggressively-cut-tax-arrears-govt-tells-imf","title":{"rendered":"We will \u2018aggressively\u2019 cut tax arrears, govt tells IMF"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>Government has said it will \u201cmove aggressively to reduce tax arrears and prevent further accumulation\u201d as part of plans to reform tax administration.<\/b><\/p>\n

The commitment forms part of priorities through which government is seeking to enhance tax value and volumes in the 2024\/25 financial year.<\/p>\n

This also feeds into government\u2019s plan to realise an annual tax-to-gross domestic product ratio of 0.5 percent.<\/p>\n

Government, going forward, details submitted to the International Monetary Fund (IMF) indicate, will also seeks to improve tax efficiency by fast-tracking the e-tax system.<\/p>\n

Other commitments include enhancing the income tax system, improving the excise duty regime, and strengthening value added tax productivity to increase taxpayer registrations and tax administration.<\/p>\n

In details contained in the fifth review under the Extended Credit Facility Arrangement, government informed the IMF that it intends to be more \u2018forceful\u2019 in increasing domestic revenue to reach intended targets.<\/p>\n

\u201cWith economic recovery now on a strong footing, the authorities [government] intend to be more forceful in implementation of the domestic revenue mobilisation strategy to achieve a target of 0.5 percent of gross domestic product ratio. They are currently studying recommendations… with a view of proposing tax policy and revenue administration measures to feed into the 2024\/25 [financial year] budget discussions,\u201d the review reads in part, noting that Uganda\u2019s current tax to gross domestic product ratio, which the government says stands at 14 percent, was lower than regional peers.<\/p>\n

Data indicates that Rwanda and Kenya have a tax-to-gross domestic product ratio of 15 percent, while Tanzania stands at 12.4 percent.<\/p>\n

The IMF thus noted that there was need to prioritise reforms under the domestic revenue mobilisation strategy to rationalise tax expenditures and improve revenue administration, where estimates suggest large potential gains, as well as eliminate untargeted exemptions and collection inefficiency, which result in a low tax-to-gross domestic product ratio.<\/p>\n

In a letter of intent co-signed by Finance Minister Matia Kasaija and Bank of Uganda governor Michael Atingi-Ego, government told the IMF that it had conducted a review of the domestic revenue mobilisation strategy and would among others, prioritise reforms around tax administration to increase taxpayer registrations, tax administration processes, and compliance as well as move aggressively to reduce tax arrears and prevent further accumulation.<\/p>\n

Government is making several commitments through which it will, going forward, seek to increase the tax-to-gross domestic ratio by 0.5 percent per annum to achieve a ratio of between 16 and 18 percent.<\/p>\n

It is also working on formulating a compliance improvement plan for large taxpayers with focus on specialized sectors and taxation of multinationals.<\/p>\n

However, IMF noted that for URA to achieve the intended targets, it must transform to support good international practices across the compliance continuum and promote voluntary compliance by focusing on taxpayer perceptions and confidence in the revenue system and administration.<\/p>\n

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

Africa-Press – Uganda. Government has said it will \u201cmove aggressively to reduce tax arrears and prevent further accumulation\u201d as part of plans to reform tax administration. The commitment forms part of priorities through which government is seeking to enhance tax value and volumes in the 2024\/25 financial year. This also feeds into government\u2019s plan to […]<\/p>\n","protected":false},"author":84,"featured_media":70243,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,258],"tags":[233,240,234],"class_list":["post-70244","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-to-homepage","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nWe will \u2018aggressively\u2019 cut tax arrears, govt tells IMF - Uganda<\/title>\n<meta name=\"description\" content=\"Government has said it will \u201cmove aggressively to reduce tax arrears and prevent further accumulation\u201d as part of pla ...\" \/>\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\/we-will-aggressively-cut-tax-arrears-govt-tells-imf\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"We will \u2018aggressively\u2019 cut tax arrears, govt tells IMF\" \/>\n<meta property=\"og:description\" content=\"Government has said it will \u201cmove aggressively to reduce tax arrears and prevent further accumulation\u201d as part of pla ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/we-will-aggressively-cut-tax-arrears-govt-tells-imf\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-02T09:34:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-02T10:01:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/04\/sm_1712039218.304844.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1904\" \/>\n\t<meta property=\"og:image:height\" content=\"1069\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/we-will-aggressively-cut-tax-arrears-govt-tells-imf#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/we-will-aggressively-cut-tax-arrears-govt-tells-imf\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"We will \u2018aggressively\u2019 cut tax arrears, govt tells IMF\",\"datePublished\":\"2024-04-02T09:34:45+00:00\",\"dateModified\":\"2024-04-02T10:01:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/we-will-aggressively-cut-tax-arrears-govt-tells-imf\"},\"wordCount\":476,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/we-will-aggressively-cut-tax-arrears-govt-tells-imf#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/04\/sm_1712039218.304844.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/we-will-aggressively-cut-tax-arrears-govt-tells-imf#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/we-will-aggressively-cut-tax-arrears-govt-tells-imf\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/we-will-aggressively-cut-tax-arrears-govt-tells-imf\",\"name\":\"We will \u2018aggressively\u2019 cut tax arrears, govt tells IMF - Uganda\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/we-will-aggressively-cut-tax-arrears-govt-tells-imf#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/we-will-aggressively-cut-tax-arrears-govt-tells-imf#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/04\/sm_1712039218.304844.jpg\",\"datePublished\":\"2024-04-02T09:34:45+00:00\",\"dateModified\":\"2024-04-02T10:01:01+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Government has said it will \u201cmove aggressively to reduce tax arrears and prevent further accumulation\u201d as part of pla ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/we-will-aggressively-cut-tax-arrears-govt-tells-imf#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/we-will-aggressively-cut-tax-arrears-govt-tells-imf\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/we-will-aggressively-cut-tax-arrears-govt-tells-imf#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/04\/sm_1712039218.304844.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/04\/sm_1712039218.304844.jpg\",\"width\":1904,\"height\":1069,\"caption\":\"We will \u2018aggressively\u2019 cut tax arrears, govt tells IMF\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/we-will-aggressively-cut-tax-arrears-govt-tells-imf#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/uganda\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"We will \u2018aggressively\u2019 cut tax arrears, govt tells IMF\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#website\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/\",\"name\":\"Uganda\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/uganda\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"We will \u2018aggressively\u2019 cut tax arrears, govt tells IMF - Uganda","description":"Government has said it will \u201cmove aggressively to reduce tax arrears and prevent further accumulation\u201d as part of pla ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/uganda\/all-news\/we-will-aggressively-cut-tax-arrears-govt-tells-imf","og_locale":"en_US","og_type":"article","og_title":"We will \u2018aggressively\u2019 cut tax arrears, govt tells IMF","og_description":"Government has said it will \u201cmove aggressively to reduce tax arrears and prevent further accumulation\u201d as part of pla ...","og_url":"https:\/\/www.africa-press.net\/uganda\/all-news\/we-will-aggressively-cut-tax-arrears-govt-tells-imf","og_site_name":"Uganda","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2024-04-02T09:34:45+00:00","article_modified_time":"2024-04-02T10:01:01+00:00","og_image":[{"width":1904,"height":1069,"url":"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/04\/sm_1712039218.304844.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/we-will-aggressively-cut-tax-arrears-govt-tells-imf#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/we-will-aggressively-cut-tax-arrears-govt-tells-imf"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"We will \u2018aggressively\u2019 cut tax arrears, govt tells IMF","datePublished":"2024-04-02T09:34:45+00:00","dateModified":"2024-04-02T10:01:01+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/we-will-aggressively-cut-tax-arrears-govt-tells-imf"},"wordCount":476,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/we-will-aggressively-cut-tax-arrears-govt-tells-imf#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/04\/sm_1712039218.304844.jpg","keywords":["Africa Press","Africa Press-Uganda","uganda"],"articleSection":["all news","economy","head lines","to-homepage"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/uganda\/all-news\/we-will-aggressively-cut-tax-arrears-govt-tells-imf#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/we-will-aggressively-cut-tax-arrears-govt-tells-imf","url":"https:\/\/www.africa-press.net\/uganda\/all-news\/we-will-aggressively-cut-tax-arrears-govt-tells-imf","name":"We will \u2018aggressively\u2019 cut tax arrears, govt tells IMF - Uganda","isPartOf":{"@id":"https:\/\/www.africa-press.net\/uganda\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/we-will-aggressively-cut-tax-arrears-govt-tells-imf#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/we-will-aggressively-cut-tax-arrears-govt-tells-imf#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/04\/sm_1712039218.304844.jpg","datePublished":"2024-04-02T09:34:45+00:00","dateModified":"2024-04-02T10:01:01+00:00","author":{"@id":"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Government has said it will \u201cmove aggressively to reduce tax arrears and prevent further accumulation\u201d as part of pla ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/we-will-aggressively-cut-tax-arrears-govt-tells-imf#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/uganda\/all-news\/we-will-aggressively-cut-tax-arrears-govt-tells-imf"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/we-will-aggressively-cut-tax-arrears-govt-tells-imf#primaryimage","url":"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/04\/sm_1712039218.304844.jpg","contentUrl":"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/04\/sm_1712039218.304844.jpg","width":1904,"height":1069,"caption":"We will \u2018aggressively\u2019 cut tax arrears, govt tells IMF"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/we-will-aggressively-cut-tax-arrears-govt-tells-imf#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/uganda\/"},{"@type":"ListItem","position":2,"name":"We will \u2018aggressively\u2019 cut tax arrears, govt tells IMF"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/uganda\/#website","url":"https:\/\/www.africa-press.net\/uganda\/","name":"Uganda","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/uganda\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/posts\/70244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/comments?post=70244"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/posts\/70244\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/media\/70243"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/media?parent=70244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/categories?post=70244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/tags?post=70244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}