URA Commissioner General, John Rujoki Musinguzi
For the Financial Year 2024/25, the Ministry of Finance, Planning and Economic Development gave the Uganda Revenue Authority (URA) a net revenue target of Shs 31.3 trillion. Of this, 48% (Shs 14.9 trillion) was to be collected in the period July–Dec 2024. 52% of the target (Shs 16.4 trillion) is to be collected in the second half, that is, the period (Jan – June 2025). While releasing the half-year results, the URA Commissioner General, John Rujoki Musinguzi, said that the net revenue collections for the half-year, that is, the period July 2024 – Dec 2024, were Shs 15.2 trillion against a target of Shs 14.9 trillion, registering a notable surplus of Shs 322 billion and a performance rate of 102.16 percent.
This means that a growth in net revenue of Shs 2.1 trillion (16.08 percent) was registered in July to December FY 2024/25 compared to July to December FY 2023/24.
“This performance was as a result of stable and resilient economic performance and enhanced administrative measures as well good cooperation of our patriotic tax payers,” said Rujoki.
Data shows that the domestic revenue collection for July to December 2024 was Shs 10.1 trillion against a target of Shs 9.8 trillion, registering a surplus of Shs 257.06 billion and a performance rate of 102.60 percent. A growth of Shs 1.3 trillion billion (15.01 percent) was registered in July to December FY 2024/25 compared to July to December FY 2023/24.
In international trade, revenue collection for July to December was Shs 5.4 trillion against a target of Shs 5.45 trillion. This resulted in a performance of 99.48 percent, and a significant revenue growth of Shs 780.06 billion (16.79 percent) was achieved compared to the same period last FY, that is July-Dec 2024. However, the collections were Shs 28.26 billion below the target.
Rujoki attributed the success to increased field operations and engagements, improved compliance, and enhanced administrative measures.
“The target for FY 2024/25 will remain achievable given the robust strategy and administration,” said Rujoki. “In order to successfully implement the above focus areas and strategies to realize the annual revenue target, it will therefore require a deliberate and concerted effort from all stakeholders involved in revenue collection. On our part as URA, we will continue to invest in efficient systems, simplify processes, and build strategic partnerships to ensure smooth, expeditious service delivery.”
