- More taxpayers in the Ugandan tax net
The focus has gradually turned to taxation as the Uganda-tax register increases by a substantial addition of more taxpayers between July and September 2022, which pushed the number of taxpayers to 2,765,900.
In the past, despite having income-generating activities, the Uganda Revenue Authority (URA) had lamented over the refusal of some Ugandans to pay tax.
After many years of implementing activities such as tax education, taxpayer register expansion program, data analysis from third parties, stakeholder engagements, and outreach program, all to ensure an increase in the number of taxpayers, the URA has finally achieved its goal.
Uganda-Tax Register Increases: Detrending the Success Story
According to URA Commissioner General John R. Musinguzi, the tax body registered a minimum of 147,892 new taxpayers which translates to a 5.65% increase in growth in the taxpayer register.
The commissioner explained that 174,020 of this addition were non-individuals while 2,591,880 were individuals.
According to him, the headline; Uganda-Tax Register Increases will also draw the country close to achieving the aim of the government to increase the tax-to-gross domestic product ratio by 0.5 per cent annually.
The tax body is expected to have reached a collection target of Shs25.5 trillion by the end of the 2022/23 financial year.
It was revealed that between July and September, URA had registered an Shs286b surplus, collecting slightly more than Sh5.4 trillion against a target of Shs5.1 trillion.
The substantial figure has been linked to the impressive performance of wholesale and retail trade, repair of motor vehicles and motorcycles, and manufacturing, which registered the highest growth of Sh241b and Shs212.65b respectively.
Followed by Arts, entertainment, and recreation which recorded its highest growth of 138.36%, thereby contributing Shs26b while accommodation and food services and, construction contributed Shs30.07b and Shs61b, respectively.
The mining and quarrying sector, on the other hand, experienced a decline and made the lowest contribution of Shs14.99b.
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