URA adds over 420,000 new taxpayers to register

“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,” John Musinguzi, the URA Commissioner General, said.

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The URA boss also said the implementation of government policy on income tax waivers in line with section 47A of the Income Tax Act resulted in revenue collection of principal tax of sh261.98b and waived penalties worth sh2.73b and interest of sh111.79b as at December 31, 2024. (New Vision/Files)