• Latest
Quarter One: URA Short of Shs 132 Bn Amid Low Yield in Telecom, Customs

Quarter One: URA Short of Shs 132 Bn Amid Low Yield in Telecom, Customs

8 years ago
Uganda Airlines, Air India Sign Interline Partnership to Expand Global Connectivity

Uganda Airlines, Air India Sign Interline Partnership to Expand Global Connectivity

2 hours ago
Kyabazinga of Busoga, King Oyo Strengthen Ties

Kyabazinga of Busoga, King Oyo Strengthen Ties

3 hours ago
UEDCL Gains Over 640,000 New Connections in Six Months

UEDCL Gains Over 640,000 New Connections in Six Months

3 hours ago
Kenya’s Faith Kipyegon Wins 4th World 1500m Title in Tokyo

Kenya’s Faith Kipyegon Wins 4th World 1500m Title in Tokyo

3 hours ago
Germany: Uganda Showcases Coffee Excellence at Bamberg Cupping Event

Germany: Uganda Showcases Coffee Excellence at Bamberg Cupping Event

5 hours ago
Vivo Energy Launches VE-CEM Digital Solution to Track fleet and Equipment Movement

Vivo Energy Launches VE-CEM Digital Solution to Track fleet and Equipment Movement

7 hours ago
SoftPower News
Wednesday, September 17, 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 Tech

Quarter One: URA Short of Shs 132 Bn Amid Low Yield in Telecom, Customs

by Paul Ampurire
November 3, 2017
Quarter One: URA Short of Shs 132 Bn Amid Low Yield in Telecom, Customs
0
VIEWS

Uganda Revenue Authority (URA) has fallen short of its quarter one target revenue collection by Shs 132 billion. Figures from the tax body indicate that Shs 3.14 trillion was collected in the first quarter (July to September this year) compared to the target of Shs 3.27 trillion. The first quarter collections represent 20.89% of the annual target of Shs 15 trillion.

The shortfall is largely attributed to a year on year decline in revenue contributions from other major sectors like ICT, financial, electricity, public and mining.

Related Stories

Uganda Airlines, Air India Sign Interline Partnership to Expand Global Connectivity

Kyabazinga of Busoga, King Oyo Strengthen Ties

UEDCL Gains Over 640,000 New Connections in Six Months

The telecommunications sector has continued to register a negative slope in prices for the second year in a row of 8.1 % following a minus 12.7 percent realized at the end of September last year.

URA says that this has negatively affected excise revenue collections and VAT sales. Despite a 8.1% drop in prices, the telecom sector has grown by a meagre 3.6% due to a surge in demand for communication services.

Between July and September, tax yields from major custom items also declined along with a downward revision of growth in international trade taxes from 15.8% to 11.9%. Re-exports rose from Shs 355 billion to Shs 405 billion in the three month period.

The wholesale sector contributed the most to the quarterly collections by 34.2% while the manufacturing sector contributed 27.6% to the total revenue. Both sectors combined generated over 61% of the total revenue during the three month period.

Year on year, the manufacturing and wholesale sectors have grown by 1.8% anf 6% in the first quarter of the 2016/17 and 2017/18.

Nonetheless, URA reported that there was a 11.7% growth in revenue collection for the three months period into the 2017/18 financial year compared to the same period in the previous fiscal year.

The quarterly performace shows that in the month of September alone, URA raised Shs 1.44 trillion in net revenue.

“I am happy to report that in the month of September 2017, net revenue collections were Shs 1.14 trillion. This was Shs 35.42 trillion above target registering a performance rate of 103.19%,” the URA Commissioner Doris Akol said.

The net revenue performance trend shows an increasing trend with the highest average growth rates at 14.6% for the FY 2013/14 and FY2017/18 respectively.

At a regional level, all the EAC countries performed below target in the first quarter in both customs and domestic revenue.

Recent Stories

Uganda Airlines, Air India Sign Interline Partnership to Expand Global Connectivity

Kyabazinga of Busoga, King Oyo Strengthen Ties

UEDCL Gains Over 640,000 New Connections in Six Months

Kenya’s Faith Kipyegon Wins 4th World 1500m Title in Tokyo

Germany: Uganda Showcases Coffee Excellence at Bamberg Cupping Event

Vivo Energy Launches VE-CEM Digital Solution to Track fleet and Equipment Movement

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

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

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

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?