5.2m potential taxpayers still outside tax fold, says URA
Uganda, June 1 -- Uganda Revenue Authority (URA) has indicated that at least 5.8 million potential taxpayers remain outside the taxable fold yet the tax collector is increasingly under pressure to raise revenue collection.
URA has in the last three years increased campaigns to bring more taxpayers in the tax fold amid a rapidly growing public expenditure curve that has outstripped domestic revenue.
The rapid growth in expenditure has thus resulted into constant revenue shortfall and an increase in borrowing, with some of the money borrowed to fund recurrent expenditure.
Speaking at the launch of the Budget Month in Kampala URA commissioner general John Musinguzi Rujoki, said there was need for Ugandans to pay their fair share of tax if...
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