Uganda, May 26 -- A report by the Ministry of Finance has indicated major tax heads returned shortfalls, which is likely to impact tax collections a few months to the end of the 2022/23 financial year.

The report, which was published early this week, indicated that all major tax heads, including withholding tax, corporate tax, value added tax and excise duty registered shortfalls thus impacting domestic revenue collection for the month ended April.

The report by the Ministry of Finance Macroeconomic Department indicates that withholding and corporate tax registered a shortfall of Shs31.06b and Shs6.09b, respectively. The shortfalls are expected to impact final revenue collection for the 2022/23 financial year, which ends on next month....