By: Katamu Nedinani
The Uganda Revenue Authority has asked Ugandans to get ready to pay taxes to finance public expenditure in form of services.
This comes in the wake of the pull out of donors, including the world bank who suspended future funding for projects in Uganda, citing human rights violations following the recent enactment of the anti-homosexuality law.
The appeal is made by the Commissioner General Uganda Revenue Authority John Musinguzi Rujoki, while addressing the media at the official release of the fiscal year of 2022/23, total revenue collection report.
The report, indicates that URA surpassed the set target with collections of twenty-five trillion, two hundred and nine .05 billion shillings in the FY 2022/23, compared to the net revenue target of UGX 25,151.57 billion.
This represents a growth of UGX 2,761.52 billion (20.21 per cent) compared to the previous fiscal year.
Direct domestic taxes collected exceeded the target with a surplus of UGX24.62 billion, while Non-tax revenue, including stamp duty and embossing fees, generated a surplus of UGX 65.81 billion.
However, indirect domestic taxes fell short of the target, with a deficit of UGX 553.54 billion.
The year recorded a significant revenue growth of 16.40 per cent (UGX 3,551.04 billion) compared to the previous financial year, thanks to the stable and resilient economic performance, enhanced administrative measures, and the cooperation of patriotic taxpayers.
Now, John Musinguzi Rujoki the commissioner General Uganda Revenue Authority says Ugandans should adopt a culture of mobilizing their own funds than relying on foreign aid.
