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.
â€œURA marks another milestone in efforts to offer quality services to the public through partnerships with commercial banks,â€ URAâ€™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.
â€œIn 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,â€ she said.
Orient Bankâ€™s chairman Ketan Morjaria said over 350 customers benefit from this service every day and the bank collects an average of sh2b weekly.
â€œThis shop will avail services to many tax payers. We are committed to this development path and we assure clients good services,â€ Morjaria said.
Orient Bank to collect URA tax