The Uganda Revenue Authority (URA), has registered a Shortfall of Shs 900 billion in Revenue collections for the period of July-December 2021, (Financial Year 2021/22)
This was revealed by the URA Commissioner General, John Musinguzi, during a revenue performance highlights press conference for the period of July to December 2021.
According to Musinguzi, the tax body was given a revenue target, by the Ministry of Finance, Planning and Economic Development, of UGX 22.3 trillion which is 16.10% higher than the actual revenue collection from the last financial year.
He noted that as a result, in the last six months URA projected to collect 49.47% representing UGX 11.06 trillion, an increase of 16.80% from the realised revenue for the same period last financial year.
He said that the net revenue collections for the first 6 months of this FY 2021/22 were UGX 10.1 trillion against a target of UGX 11 trillion, representing 45.44% of the annual target.
“A shortfall of UGX 900.81 billion was incurred with a performance of 91.86%,” Musinguzi said.
He revealed that in the period, domestic tax revenue collections were UGX 6.2 trillion against a target of UGX 7.1 trillion, registering a shortfall of UGX 951.32 billion, and performance of 86.75%.
“The shortfalls were from direct domestic taxes (UGX 273.61 billion), indirect domestic taxes (UGX 487.20 billion) and Non Tax Revenue (NTR) (UGX 190.51 billion). 20.03% of the domestic tax shortfall was from Non-Tax Revenue (NTR),” he noted.
In the Customs tax collections in the first 6 months of the FY 2021/22, Musinguzi noted that they were UGX 4 trillion against a target of UGX 4.1 trillion, posting a shortfall of UGX 26.33 billion, and performance of 99.36%.
He however noted that a year to year growth of UGX 389.78 billion (10.57%) was realized this year compared to the same period in the previous Financial
