URA Aims to Increase Revenue Collection to UGX 31.98 Trillion

The Uganda Revenue Authority (URA) is determined to enhance its tax administration to meet the ambitious revenue target of Shs31.98 trillion for the 2024/25 financial year.

Speaking at the East African Community post-Budget Dialogue at Hotel Africana, Catherine Donovan, the URA Commissioner for Legal Services, acknowledged the challenge of generating revenue to support the extensive Shs72.136 trillion national budget.

"Collecting this revenue is a significant challenge, but it is feasible with the collaboration of policymakers, traders, business communities, and industry leaders," Donovan said.

Despite the difficulty, Donovan expressed confidence in URA's ability to improve tax administration, broaden the tax base, and boost compliance to achieve their target. She noted that URA's main priorities include introducing new tax measures and enhancing efficiency in revenue collection through continuous tax awareness campaigns.

URA's efforts aim to contribute significantly to the national budget, funding essential public services and development projects. Donovan’s remarks underscore URA’s dedication to effective tax administration, which is vital for Uganda’s economic growth and development.

Rebecca Kadaga, the First Deputy Prime Minister and Minister of East African Community Affairs, highlighted the critical role of taxation in funding government infrastructure and social welfare programs. She emphasised the need for a favourable environment that encourages investment and economic development.

"We must create a tax system that encourages investment, supports business growth, and ensures fair budget distribution across all societal segments," Kadaga stated.

Moses Kaggwa, Director of Economic Affairs at the Ministry of Finance, Planning and Economic Development, noted the Ministry's commitment to engaging with civil society and the public to enhance participation in policy formulation.