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Net revenue collection for August closed at sh1.4 trillion against a target of sh1.03 trillion. This followed an earlier sh278b surplus for July.
Cumulatively, in the first two months, the Government collected sh2.58 trillion. But the URA revenue collection is less than sh2.65 trillion. This was collected last year in the same period.
“The good performance is partly attributed to the pick-up in economic activity following the easing of lockdown restrictions. The introduction of the digital tracking mechanisms, especially in factories which helped solve the problem of under declaration of taxes,” URA’s spokesperson Vincent Sseruuma said.
He noted that the best performing sectors included beer production, telecom sector, construction sector, insurance, and financial services as well as international trade.
What is driving the surplus;
“We have re-organized ourselves administratively by creating specialized teams that focus on data analysis and use of technology to improve revenue collection. We have also strengthened our controls on international trade which has enhanced collections from import duty,” Sseruuma added.
Ian Muhimbise Rumanyika, the URA public, and corporate affairs manager said more efficient new tax collection measures such as the digital tax stamps and the electronic fiscal receipting and invoicing system are paying off.
“Businesses are recovering after the impact of COVID-19 measures. Companies that had halted payment following the Government’s measures are now paying,” he said.
Rumanyika added that strategic and efficient internal administrative measures and focus on promoting integrity have translated into revenue yield and a Sh 632b cumulative surplus for July and August.
In August, gross collections from domestic taxes amounted to sh802b against a target of sh638b, registering a surplus of sh164b. Direct domestic taxes (PAYE, corporation tax, individual income tax, withholding tax, and rental income tax) performed at 135.61% with a surplus of sh97b, while indirect domestic taxes performed at 138.75%, registering a surplus of sh102b.
Meanwhile, non-tax revenue collections performed at 115.91% a surplus of sh6.9b. Whereas appropriation in aid performed at 28%, registering a deficit of sh41.6b. International trade taxes performed at 145.39% with gross collections of sh613b against a target of sh421b.
Check also;
- Uganda Tourism Board Registers Impressive Growth
- Ugandan Hotels Registers Massive Loses
- Uganda To Lose $800 Million In Tourism
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![[dropcap]A[/dropcap] section of women in Bugongo parish and Nawangaiza parish in Nawandala Sub County, Iganga District have decried the near-impossible terms set for them to access GROW funds. They have now petitioned their woman member of parliament for Iganga Hon. Kauma Sauda Alibaawo to ask the government for revised terms and conditions. This is to enable them to benefit from the program. The disgruntled women accuse the implementers of the program of charging the money. They are also asking for their land titles and land agreements. They said that such properties are governed by their husbands. These, therefore want the government through their woman MP to intervene and revise the requirements for one to benefit. The women were on Wednesday at Namabwere primary school in Nawandala Sub County. They had gathered in their respective groups to receive over 300 chickens from Hon Alibaawo in her campaign to improve the livelihood of women in Iganga district. Each group was given 50 chicken as start-up capital in their journey to prosperity. Read what some leaders said; Ms Naigambi Lydia from Nawandala Trading Centre says, “They solicited money from us through opening bank accounts and depositing Shs80,000. They also asked for land titles and land agreements from us yet we don’t have such things. I was informed that I needed to have a business with a capital of Shs4m yet my capital was very small.” The chairperson Kisoboka Saving Group in Nawandala Ms. Nakagolo Faith said they were not able to join the program. This is given the many conditions attached. She also asked their woman MP to raise their concerns to the relevant offices. The MP condemned the mode of implementation of the program. She cited that it has turned to benefit the well-off class of women other than the intended group. She further asked the government to intervene saying the current strings attached to the programme are very tight to accommodate a common woman. GROW project is a Government of Uganda initiative that arose out of the need to respond to the needs of women entrepreneurs. This is especially those who want to grow their businesses, sustain their self-employment and create more jobs. Check Also; Iganga District NRM Leaders Urge Museveni To Fulfill Election Promises Of 2021 International Women's Day: Celebrating Progress Towards Equality](https://i0.wp.com/newslexpoint.com/wp-content/uploads/2024/11/Iganga-women-decry-tough-terms-to-access-GROW-funds-e1731738339732.jpg?resize=300%2C160&ssl=1)
