URA – this year’s target is over ambitious

By  Samuel Ssebuliba:

Uganda Revenue Authority has described this financial year’s revenue collection target as over ambitious.

According to the 2017-2018 budget estimates, the tax body is expected to collect Sh15 trillion on the assumptions of over 6% GDP growth, stable inflation rate, increasing private sector credit growth above the current 4.4% and others.

Speaking to media today Doris Akol the URA Commissioner General said some of the factors that made the authority register Sh457 billion shortfall still exist thus archiving this target is going to be a challenging.

She has however said that the authority has high hopes in some of tax the reforms that were introduced including taxes on wheat grain, rental tax and others as a likely source of additional taxes.