URA posted a revenue shortfall of 690.3 Billion Shillings

The Uganda Revenue Authority posted a revenue shortfall of 690.3 Billion Shillings in the first four months of the 2021/22 financial year.

According to the target given by the Ministry of Finance, URA was supposed to have collected a total of 6.8 trillion shillings by October, However, only 6.1 trillion shillings was collected.

A breakdown of the tax revenues shows that direct domestic taxes, were short by 23 billion shillings while indirect domestic taxes were short by 389 billion shillings.

The levy on Mobile Money withdrawals is the only one that performed better than expected, raising 49 billion out of the targeted 42.8 billion shillings.