The Commissioner General, John R. Musinguzi was last Wednesday hosted on UBC’s show Behind the Headlines alongside other panellists to discuss the budget for the fiscal year 2024/25. The topic of discussion was the analysis of the budget’s domestic funding capacity.
The discussion centred on strategies that will enable URA to hit the new target of over UGX 32 trillion for the next financial year.
“To achieve the target, there is a need to expand the tax base through the integration of systems with other government agencies which will provide data and transparency in revenue mobilization,” explained Musinguzi.
He further accentuated that Uganda’s tax system is based on voluntary compliance, and there have been no tax rate increments by parliament for the last 4 years.
With URA’s digital transformation and new systems such as EFRIS, DTS, and non-intrusive scanners, achieving the target is not a far-fetched dream.
“The growth in tax revenue is attributed to developing systems and integrations that provide an informed view,” Musinguzi said before adding that URA is now focusing on minimizing revenue leakages by punishing and prosecuting those involved in corruption.
“This is an avenue that is bound to improve revenue collection as we streamline our processes,” he asserted.
Source: https://ura.go.ug/en/ura-banks-on-register-expansion-to-surpass-next-financial-year-target/