• Latest
Ssegona Named New COSASE Chair as Among Blocks Zaake’s Appointment

Auditor General Faults URA for Failure to Collect Shs52bn in Gold Exports

1 year ago
Coca-Cola, Joe Walker Join Forces to Tackle Road Safety at Community Level

Coca-Cola, Joe Walker Join Forces to Tackle Road Safety at Community Level

15 hours ago
New ICPAU President Timothy Ediomu Rallies Accountants to Lead Uganda’s Economic Future

New ICPAU President Timothy Ediomu Rallies Accountants to Lead Uganda’s Economic Future

17 hours ago
Top 100 Survey 2025: SMEs Urged to Adapt and Grow Amid Tax Shifts

Top 100 Survey 2025: SMEs Urged to Adapt and Grow Amid Tax Shifts

18 hours ago
Ggoobi Roots for Inclusive Prosperity in Housing, Managing Urbanisation, and Centering Green Growth

Ggoobi Roots for Inclusive Prosperity in Housing, Managing Urbanisation, and Centering Green Growth

18 hours ago
Pictorial: Makerere’s Iconic Ivory Tower Re-opened in its Restored Glory

Makerere Challenges Low Ranking, Reaffirms Commitment to Academic Excellence

18 hours ago
Uganda to Host 3rd Edition of Africa Travel Content Creators’ Conference

Uganda to Host 3rd Edition of Africa Travel Content Creators’ Conference

21 hours ago
SoftPower News
Thursday, July 10, 2025
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women
No Result
View All Result
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women
No Result
View All Result
SoftPower News
No Result
View All Result
Home Business

Auditor General Faults URA for Failure to Collect Shs52bn in Gold Exports

by Rogers Atukunda
January 11, 2024
Ssegona Named New COSASE Chair as Among Blocks Zaake’s Appointment

John Musinguzi, URA Commissioner General

36
VIEWS

The Auditor General, John Muwanga, has faulted the Uganda Revenue Authority (URA) for failing to collect Shs52.238bn in gold exports, saying this has denied the government revenue for service delivery.

“The exports in 2021/ 22 weighed 30,167,582 and those of 2022/23 were 40,648.2 kilograms, totalling 70,837.91. This translated into US$14,167,582 equivalent to Shs52.238bn that was not collected, contrary to the Mining and Minerals (Export Levy on Refines Gold) Regulations 2023,” read in part the December 2023 Auditor General’s report.

Related Stories

Coca-Cola, Joe Walker Join Forces to Tackle Road Safety at Community Level

New ICPAU President Timothy Ediomu Rallies Accountants to Lead Uganda’s Economic Future

Top 100 Survey 2025: SMEs Urged to Adapt and Grow Amid Tax Shifts

It added: “The uncollected revenue denies Government resources to deliver services.  URA explained that an interim order was issued restraining it from enforcing the statutory instrument.”

Uganda Revenue Authority is seeking an additional Shs167bn to recruit 1,278 new staff to improve the Authority’s efficiency.

In 2024/25, URA has been allocated Shs619.989bn of which, Shs253.495bn will go towards payment of wages, Shs321.174bn for non-wage expenditure, while Shs45.320bn will cover development expenditure.

While appearing before the Finance Committee of Parliament, John Musinguzi, URA Commissioner General, blamed the delayed collection of gold taxes on an interim order issued by the Court, halting the collection of this tax until concerns raised by the gold exporters are disposed of.

“Uganda Revenue Authority is doing a structural review to improve the efficiency of the organisation to add on to the number of foot soldiers required to do this noble mandate to plug some of the revenue leakages and this activity hadn’t happened for quite some long period of time,” Musinguzi told the Finance Committee.

He added: “Our proposal is that this recruitment can be spread over time because it would require about Shs167bn.”

In the next Financial Year 2024/25, URA is expected to collect taxes to the tune of Shs29.958Trn, representing a growth of Shs286bn from the current revenue target of Shs29.672bn, that the tax body is expected to collect this year.

However, this figure is subject to change when the final budget is tabled.

Tags: Auditor GeneralGold ExportsJohn musinguziSoftPowerSoftPower NewsTop Uganda NewsUgandaURA

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


The reCAPTCHA verification period has expired. Please reload the page.

Recent Stories

Coca-Cola, Joe Walker Join Forces to Tackle Road Safety at Community Level

New ICPAU President Timothy Ediomu Rallies Accountants to Lead Uganda’s Economic Future

Top 100 Survey 2025: SMEs Urged to Adapt and Grow Amid Tax Shifts

Ggoobi Roots for Inclusive Prosperity in Housing, Managing Urbanisation, and Centering Green Growth

Makerere Challenges Low Ranking, Reaffirms Commitment to Academic Excellence

Uganda to Host 3rd Edition of Africa Travel Content Creators’ Conference

Stanbic Bank Ad
SoftPower News Logo

SoftPower News is a subsidiary of SoftPower Communications LLC, a Ugandan digital media group. Keep posted of the latest from Uganda and East Africa.
Plot 4B Malcolm X, Kololo
P.O Box 1497, Kampala - Uganda
Tel: +256-392-001-701
Email: info@softpower.ug

This news site is licenced by Uganda Communications Commission (UCC)

ADVERTISEMENT
Stanbic Remittance Ad
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
  • Regional
  • Defence & Security
  • Sport
  • Entertainment
  • More

© SoftPower News

error: Content is protected
No Result
View All Result
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women

© SoftPower News