As 2024 wraps up, we take stock of Uganda Revenue Authority’s (URA) performance, highlighting its progress, successes, challenges and lessons learned throughout the year.
Revenue Collection: Exceeding Targets
URA surpassed its revenue collection target by 5%, collecting UGX 22.4 trillion (approximately USD 6 billion) between January and December 2024. This feat demonstrates the authority’s commitment to funding Uganda’s development agenda.
Key Achievements:
Digital Transformation: URA launched an online tax payment system, reducing processing time by 70%.
Taxpayer Registration: Over 200,000 new taxpayers registered, increasing the tax base.
Compliance Enhancement: URA introduced risk-based audits, resulting in a 25% increase in compliance.
Trade Facilitation: Streamlined customs procedures reduced clearance time by 50%.
Capacity Building: Trained 500 staff members in tax administration and customs procedures.
Challenges Overcome:
Economic Uncertainty: Global economic fluctuations impacted revenue collection.
Tax Evasion: URA addressed tax evasion schemes through intelligence-driven audits.
Infrastructure Constraints: Upgrades to customs infrastructure improved efficiency.
Awards and Recognition:
Africa Tax Authority of the Year: URA won this prestigious award for excellence in tax administration.
International Monetary Fund (IMF) Commendation: URA’s reforms and revenue performance were praised by the IMF.
Looking Ahead to 2025:
Enhancing Digitalization: Expanding online services to improve taxpayer experience.
Regional Cooperation: Strengthening ties with neighboring countries to combat cross-border tax evasion.
Taxpayer Education: Intensifying public awareness campaigns to promote voluntary compliance.
URA’s 2024 performance demonstrates its dedication to efficient revenue collection, innovative solutions, and overcoming challenges.
“Collecting with Integrity, Serving with Excellence”
Uganda Revenue Authority: A Year of Resilience and Growth
