KAMPALA.
Uganda Revenue Authority (URA) has recorded landmark surplus of Shs100billion , the highest in a decade .
The URA had initially aimed to collect Shs31.3 trillion domestically in 2024/25 financial year, a target that seemed unlikely midway through the year after a sluggish half-year performance.
However, strong collection efforts in the final four weeks reversed the deficit, culminating in a 100.84 percent performance rate.
Presenting the annual revenue report at URA headquarters in Kampala on Monday , URA Commissioner General John Rujoki Musinguzi , announced that the net revenue collected for FY 2024/25 was Shs31.3 trillion((100.84 percent) .
“A key factor behind the surplus was URA’s success in closing revenue leakages through improved administrative measures, leading to a 15 percent growth in revenue compared to the previous year, an increase of about Shs4 trillion.”he said
Julius Mukunda, a policy expert attributed the success to enhanced efficiency rather than new tax policies. “Closing revenue gaps without introducing new tax measures shows URA’s administrative improvements are paying off,” he said. “The fruits of automation and the Electronic Fiscal Receipting and Invoicing System (EFRIS) are becoming evident.”
On his part , Mr. Rujoki also credited the growing Ugandan economy and cooperation from taxpayers as drivers of the improved performance.
Future Outlook
Available statistics at URA indicate that Domestic tax collection reached Shs21.2 trillion against a target of Shs21.1 trillion, resulting in a Shs131 billion surplus and a growth of Shs2.8 trillion, a 15 percent increase from the 2023/24 fiscal year.
International tax revenue hit Shs11.2 trillion, surpassing the target of Shs11.1 trillion by Shs49 billion
Looking ahead, URA has set a revenue collection target of Shs36.7 trillion for the 2025/26 fiscal year, an ambitious 17 percent increase equivalent to Shs5.3 trillion more than the previous year.