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Monday,August 10,2020 17:58 PM

Orient Bank to collect URA tax

By Vision Reporter

Added 20th January 2005 03:00 AM

Uganda Revenue Authority (URA) has awarded Orient Bank the licence to operate a one-stop shop for payment of Non-Tax Revenues (NTR), writes Emmy Olaki.

Uganda Revenue Authority (URA) has awarded Orient Bank the licence to operate a one-stop shop for payment of Non-Tax Revenues (NTR), writes Emmy Olaki.

Uganda Revenue Authority (URA) has awarded Orient Bank the licence to operate a one-stop shop for payment of Non-Tax Revenues (NTR), writes Emmy Olaki.
“URA marks another milestone in efforts to offer quality services to the public through partnerships with commercial banks,” URA’s commissioner general Allen Kagina said on Wednesday.
Kagina said this expanded role was embraced by URA in 2001/02 by applying the NTR Reform Programme.
“In the first year, only fees for passports issued by the Immigration Department were collected through URA as a pilot project with a target of sh700m. That target was surpassed by sh1.323b, an achievement rate of 289%. Subsequently, URA was assigned more NTR items and still the revenue outturn was tremendous,” she said.
Orient Bank’s chairman Ketan Morjaria said over 350 customers benefit from this service every day and the bank collects an average of sh2b weekly.
“This shop will avail services to many tax payers. We are committed to this development path and we assure clients good services,” Morjaria said.
Ends

Orient Bank to collect URA tax

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