By Moses Kidandi
Uganda Revenue Authority has announced that the major tax heads have registered good performance during the financial year mainly import duty that performed at 100.71% of the target and VAT on imports which performed at 102.62%.
The major tax heads that recorded gross surpluses during the year were majorly direct taxes include include; corporation tax; that registered a surplus of UGX 331.37 & PAYE; that registered a surplus of UGX 148.60 billion.
According to the commissioner General Uganda Revenue Authority Doris Akol,the major import items that registered increase in tax yield during the Financial year 2018/19 include; worn clothing (UGX 42.25 billion), cigarettes (UGX 29.27 billion), motor vehicles (UGX 28.36 billion), Foot wear (UGX 27.00 billion) among others.
she says Tax policy measures introduced under the Local Excise Duty namely , the daily OTT levy & levy on mobile money transactions contributed net estimated revenue amounting to UGX 779.5 billion from a total of UGX 1,095.29 registering a performance of 140.50%.
She was speaking during the presentation to the media of the performance overview for the financial year 2018/2019 at URA Head in Nakawa.