KAMPALA– The Commissioner General (CG) of the Uganda Revenue Authority (URA) John Musinguzi Rujoki has revealed that the tax body collected net revenue of Ugx4.5 trillion in the first quarter of 2021/22 financial year.
Musinguzi Rujoki revealed that the growth in revenue is attributed to URA administrative initiatives like arrears management which resulted in a revenue recovery of Ugx 322.63 Billion.
He said that having achieved 14.99% growth in revenue collection URA is now expected to collect Ugx 22.3 trillion in the Financial Year 2021/22 and this projection is Ugx 3.1 trillion over and above last year’s revenue collections.
Musinguzi made the remarks on Thursday while speaking to the press at URA Headquarters, where he said that the domestic revenue collections stood at Ugx 2.6 trillion which has registered a growth of 8.11% compared to last financial year.
“URA will continue to implement domestic revenue mobilization strategies like upgrading e-tax system to accommodate the task at nation level, upgrading the URA data center, procurement of scanners, electronic cargo and driver trucking systems” Musinguzi said.
He said that at least 74% of the revenue was generated from the top five sectors during the first quarter of Financial Year 2021/22 stressing that wholesale and retail trade sector had the biggest contribution, which amounted to Ugx 1.4 trillion.
Musinguzi Rujoki said that over 65,666 new taxpayers were added to the taxpayer register in the first quarter of the financial year and by the end of September 2021, the taxpayer register had a total of 1,849,159 taxpayers.