{"id":1239,"date":"2024-06-19T06:58:50","date_gmt":"2024-06-19T06:58:50","guid":{"rendered":"https:\/\/govinfohub.go.ug\/?p=1239"},"modified":"2024-06-20T07:33:40","modified_gmt":"2024-06-20T07:33:40","slug":"ura-banks-on-register-expansion-to-surpass-next-financial-year-target","status":"publish","type":"post","link":"https:\/\/govinfohub.go.ug\/index.php\/2024\/06\/19\/ura-banks-on-register-expansion-to-surpass-next-financial-year-target\/","title":{"rendered":"URA banks on register expansion to surpass next financial year target"},"content":{"rendered":"\n<p>The Commissioner General, John R. Musinguzi was last Wednesday hosted on UBC\u2019s 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\u2019s domestic funding capacity.<\/p>\n\n\n\n<p>The discussion centred on strategies that will enable URA to hit the new target of over UGX 32 trillion for the next financial year.<\/p>\n\n\n\n<p>\u201cTo 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,\u201d explained Musinguzi.<\/p>\n\n\n\n<p>He further accentuated that Uganda\u2019s tax system is based on voluntary compliance, and there have been no tax rate increments by parliament for the last 4 years.<\/p>\n\n\n\n<p>With URA\u2019s digital transformation and new systems such as EFRIS, DTS, and non-intrusive scanners, achieving the target is not a far-fetched dream.<\/p>\n\n\n\n<p>\u201cThe growth in tax revenue is attributed to developing systems and integrations that provide an informed view,\u201d Musinguzi said before adding that URA is now focusing on minimizing revenue leakages by punishing and prosecuting those involved in corruption.<\/p>\n\n\n\n<p>\u201cThis is an avenue that is bound to improve revenue collection as we streamline our processes,\u201d he asserted.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/govinfohub.go.ug\/wp-content\/uploads\/2024\/06\/URA-UBC-Collage--1024x768.jpg\" alt=\"\" class=\"wp-image-1241\" srcset=\"https:\/\/govinfohub.go.ug\/wp-content\/uploads\/2024\/06\/URA-UBC-Collage--1024x768.jpg 1024w, https:\/\/govinfohub.go.ug\/wp-content\/uploads\/2024\/06\/URA-UBC-Collage--300x225.jpg 300w, https:\/\/govinfohub.go.ug\/wp-content\/uploads\/2024\/06\/URA-UBC-Collage--768x576.jpg 768w, https:\/\/govinfohub.go.ug\/wp-content\/uploads\/2024\/06\/URA-UBC-Collage--1536x1152.jpg 1536w, https:\/\/govinfohub.go.ug\/wp-content\/uploads\/2024\/06\/URA-UBC-Collage-.jpg 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Source: <a href=\"https:\/\/ura.go.ug\/en\/ura-banks-on-register-expansion-to-surpass-next-financial-year-target\/\">https:\/\/ura.go.ug\/en\/ura-banks-on-register-expansion-to-surpass-next-financial-year-target\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Commissioner General, John R. Musinguzi was last Wednesday hosted on UBC\u2019s 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\u2019s domestic funding capacity. The discussion centred on strategies that will enable URA to hit the new target [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1240,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,31],"tags":[],"class_list":["post-1239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-government"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>URA banks on register expansion to surpass next financial year target - Published By UPPC<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/govinfohub.go.ug\/index.php\/2024\/06\/19\/ura-banks-on-register-expansion-to-surpass-next-financial-year-target\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"URA banks on register expansion to surpass next financial year target - Published By UPPC\" \/>\n<meta property=\"og:description\" content=\"The Commissioner General, John R. Musinguzi was last Wednesday hosted on UBC\u2019s 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\u2019s domestic funding capacity. 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