URA continues surpassing target

Dec 23, 2006

THE Uganda Revenue Authority’s (URA) collections have continued to increase, with November collections jumping by sh38.63b compared to the same month last year.

By Peter Kaujju

THE Uganda Revenue Authority’s (URA) collections have continued to increase, with November collections jumping by sh38.63b compared to the same month last year.

A monthly report from the tax body attributed the performance to some tax heads that surpassed targets.

“Collections were sh203.63b against a target of sh199.0b, posting a surplus of sh4.5b. This represents a performance rate of 102.28%,” read the report.

According to the report, international trade taxes performed better, totalling sh120.5b against a target of 105.6b and 29.92% above what was collected in the same period last year.

There were also surpluses on petroleum duty (sh4b) and Value Added Tax (VAT) imports (sh6.86b), while the surcharge introduced this financial year brought sh0.89b.

Collections from July to November posted a surplus of sh1.15b, registering a 13.75% growth compared to November 2005.

Domestic taxes, however, did not surpass the target due to a shortfall in indirect taxes like VAT though some tax heads performed well.

“Direct domestic tax collections posted a surplus of sh1.25b, while indirect taxes registered a shortfall of sh6.52b. The Pay As You Earn surplus of sh2.03b kept the direct domestic tax sub heading above forecast,” the report read.

VAT kept indirect domestic taxes below forecast levels, registering a shortfall of sh6.55b. Domestic tax collections represented a growth rate of 6.94% compared to November 2005 collections.

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