UTN News

BUDGET: URA LISTS AVENUES TO RAISE 15.1 TRILLION

BY JOSEPHINE NAMANDA AND AMINAH NAMATOVU

Kampala-The Uganda revenue authority has announced new avenues through which it will raise the required shs 15.1 trillion as tasked in the National Budget read last week.

The tax body is tasked to collect more than half of the national budget from both local and external tax avenues. While addressing the business community at the Post Budget Breakfast meeting this morning at Hotel Africana in Kampala, the Commissioner General URA Doris Akol says, among the channels through which this money will be collected include, but not limited to several new tax collection avenues as well as the traditional revenue sources.

She says the tax body is implementing the use of sales machines at all tax collection points, an improved Regional Electronic Cargo System, and activating the Uganda Electronic Civil Window.

The body will also digitize operations at all boarder payment points, through online tax payment means like the use of visa cards.

Akol says the body will also retain and strengthen the traditional revenue sources like pay as you earn-PAYE, exercise duty and all the other revenue sources to finance its target.

Akol warns the public against dubious ways like under declaration of good and non compliance to tax requirements, saying the body has introduced electronic stamps, as well as increasing the number of recording agents in various areas.

She says the body has introduced campaigns to sensitize the public on the tax systems and regime, through tax clubs in schools, universities, music dance and drama activities, and holding conferences and tax debates.

The post budget breakfast is conducted every after the reading of the financial budget, to allow the business community give feedback and proposals for tax collection and improvement of the tax regime.

News

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