Home » News » Business » Economy » URA Surpassed It’s Target By Shs127.1 Billion In First Quarter

URA Surpassed It’s Target By Shs127.1 Billion In First Quarter

Uganda Revenue Authority ( URA ) has recorded a Shillings3.7 trillion as it’s net revenue collection for end of September quarter.

Check also: Social Media And Mobile Money Tax Bring A Huge Decline In URA Revenues

The data from URA indicates that the tax collector exceeded it’s target by Shs127.1 billion on surplus accounts in both International and domestic taxes.

The revenue net collections were Shs3.7 trillion, a presentation of 103.5%. The presentation was 127.1 billion above target, with an exponential growth of 103.5% recorded compared to similar period in the last financial year, according to part of the URA statement.

In the last financial year, the tax collector generated 3.1 trillion shillings. It recorded an excess of 88.8 billion shillings in local tax collections alone and 46.6 billion shillings in international collections which was okay to cover shortages in some other place, according to daily monitor.

 Check also;

This is not a Paywall, but Newslex Point's journalism consumes a lot of time, hard-work and money. That's why we're kindly requesting our readers to support us in anyway they can, for as little as $1 or more, you can support us .

Please use the button below to contribute to Newslex Point, Inc. using a credit card or via PayPal.

Donate Button with Credit Cards




About lukwago J

Posted by LUKWAGO. J: He's a writer, editor, blogger, affiliate and a web developer, he loves thinking creatively and finding new ways to implement different programming ideas.

Check Also

namanve industries

Uganda Is On The Right Path To Prosperity”- Museveni Commissioned 6 Industries In Namanve

The president of Uganda, HE Yoweri Kaguta Museveni attended the industrial projects were he commissioned ...