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Govt to introduce several tax reforms next financial year — Ggoobi
“There are a number of reforms we are bringing in this coming budget to be implemented next financial year in the area of tax policy and tax administration. The days of just a few people paying and others are free riders are soon ending.”
Govt to introduce several tax reforms next financial year — Ggoobi
By: Umaru Kashaka, Journalists @New Vision
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The Permanent Secretary of the Ministry of Finance, Ramathan Ggoobi, has said the Government will introduce several tax reforms in the coming 2026/27 financial year.
“There are a number of reforms we are bringing in this coming budget to be implemented next financial year in the area of tax policy and tax administration. The days of just a few people paying and others are free riders are soon ending,” he said.
Ggoobi, who is also the country’s secretary to the Treasury, made the remarks on Wednesday (March 11) while appearing before the public accounts committee of Parliament to consider the ministry’s responses to the Auditor General’s report on the consolidated financial statement of the Government for the financial year 2024/25.
He was accompanied by the acting Accountant General, Godfrey Ssemugooma and other senior ministry officials.
On January 8, 2025, the Uganda Revenue Authority (URA) Commissioner General, John Musinguzi, announced that they had added a total of 420,183 new taxpayers to the taxpayer register, bringing the total to 4,881,983.
“The new taxpayers so far yielded sh59.01b for the period of July to December of the financial year 2024/25. Of these, 232,063 were non-individuals and 4,649,920 were individual taxpayers,” he told the media in Kampala.
Ggoobi used the occasion to assure the committee members that the economy is performing very well, adding that the gross domestic product is projected to grow by 6.5% to 7% this financial year, 2025/26.
He also said that the prices of goods and services have remained stable, and the Uganda shilling has remained stronger against major currencies due to good performance of exports.
On the question of domestic arrears, Ggoobi said the Ministry has continued to implement the domestic arrears strategy and is progressively clearing the verified stock of domestic arrears.
“In addition to clearance of arrears worth sh265b in the financial year 2024/25, the ministry has provided an allocation of sh1.4trillion in the current financial year 2025/26 budget to significantly reduce the verified stock of domestic arrears,” he said.