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URA Registers Surplus In Revenue Collection

URA Committed To Double Revenue Collection

With end to particularly challenging 2020 that saw many businesses close,Uganda Revenue Authority (URA) is gearing up towards raising revenue as its mandate of tax collection obligations to further development of the country.

John R. Musinguzi,Commissioner General, Uganda Revenue Authority last year the tax body collectively contributed a net revenue collection of UGX 8 Trillion to the national treasury.

“At URA we believe that reviving our business climate and economy is a collective effort that involves all of us as citizens. For Uganda to attain self-sufficiency, we need to double our Tax to GDP ratio from the current 13% to 26%, a feat that can only be attained when we all join our efforts,” he said.

“On our part, we have devised many initiatives to support you to stay afloat during this Covid-19 pandemic period and to also make it easier for you to meet your tax obligations,”Musinguzi added.

These initiatives include increased stakeholder engagements with various key players to lean on each other’ strength in attaining our nation’s economic sufficiency.

According to URA Boss, tax body embraced the use of technology and data analytics to improve service delivery and to identify qualifying citizens and economic players to make their fair contribution to the revenue kit.

The new technological advancements deployed include the use of Non-Intrusive Inspection (NII) at the borders to facilitate trade and also curb smuggling, automation of most of our services, implementation of Digital Tracking Solution and recently the Electronic Fiscal Receipting and Invoicing Solution (EFRIS) whose enforcement starts at the beginning of next year.

“The DTS and ERIS are tailored, among other many benefits, to improve record keeping for businesses and the collection of Local Excise Duty and VAT respectively. I encourage you dear taxpayers to embrace these technologies and all our existing online services,”Musinguzi explained.

He further noted,”We are also opting for Alternative Dispute Resolution (ADR) to amicably settle tax disputes and reduce on litigation costs for both parties. I encourage taxpayers to embrace the on-going voluntary disclosure avenue by performing thorough tax self-health checks to clean your tax accounts with us without being fined,”

Musinguzi said URA IS equally re-committed to be more efficient and transparent by promoting accountability amongst staff guided by the values of Patriotism, Integrity, and Professionalism.

“We are fully committed to supporting you our taxpayers. I encourage you all to always approach us in case you need any form of assistance. Lastly, I wish to remind all of us to be mindful of the potential spread of Covid-19 during the festive season. Guard yourself and your loved ones at all times by upholding the Standard Operating Procedures (SOPs) which have proven to be a powerful weapon against the pandemic,”he said.

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