With two months to the end of the current financial year, Uganda Revenue Authority is confident they will hit the revenue collection target of Shs9, 576.59Bn.

Uganda Revenue Authority Commissioner General Doris Akol said they have so far collected Shs7, 703.00Bn. She added that they are capable of supposing the target with amounts of more than Sh1bn.

The commissioner general was speaking at the release of URA performance brief July to April 2015 during a tour of Mulago Hospital on Wednesday.

“The net revenue collections target for the FY2014/15 is Shs9, 576.59Bn, so far Shs7, 703.00Bn as at the end of the period July to April 2015 representing 80.44% of the annual target.”

URA is on right track and very confident that it will surpass the annual target through the implementation of the various policy and administrative measures.

During the period of July 2014 to April 2015, URA collected Shs7, 703.00Bn against a target of Shs7, 662.73Bn, representing a performance of 100.53%, (Shs40.26Bn cumulative surplus) and a growth of 18.94% (Shs1, 226.81Bn) compared to the same period last financial year. For the month of April, 2015specifically URA had a net surplus of Shs 3.76 Bn.

Meanwhile URA is pleading with its clients to pay up their tax dues in time.

“Our esteemed client, URA reminds you to file returns and settle your outstanding income tax liability by Tuesday 30th June 2015.” URA stated in a public notice to remind clients to file and pay tax dues.

Now due for clients who have not made up the payment according to the revenue body is payment of provisional tax installments for the year of income 2014/2015, final provisional returns for the year of income 2014/2015, final returns for the year of income ending 31st December 2014 and final tax payments for the year of income ending 31st December 2014.

Source: UGO News

Disclaimer: The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of TradeMark Africa.