Uganda Revenue Authority (URA) has exceeded its revenue collection target for the 2024/2025 financial year, raising over Shs31.63 trillion — surpassing its annual target by more than Shs262 billion.
Announcing the results, URA Commissioner General John Musinguzi Rujoki attributed the strong performance to a resilient economy, improved tax administration, and cooperation from patriotic taxpayers.
“We are pleased to announce that URA has surpassed its target for the financial year 2024/25, registering a surplus of over Shs262 billion,” Musinguzi said.
“This performance reflects the collective effort of our staff, government support, and, above all, our compliant taxpayers.”
URA had set a net revenue target of Shs31.37 trillion for the financial year. By the end of the period, it had achieved 100.84% performance, driven by both domestic taxes and international trade revenues.
Compared to the previous financial year, URA’s collections grew by UGX 4.3 trillion — a 15.86% increase.
Domestic tax revenue contributed Shs21.25 trillion, while international trade taxes brought in Shs11.1 trillion.
“Domestic tax collections grew by 15.59%, and international trade taxes rose by 16.23%,” Musinguzi noted. “These figures reflect not just economic resilience but also the impact of our strengthened compliance strategies and technological innovations.”
Uganda’s economy expanded by 6.7% in the mid-year period, according to URA, with strong performances in the services and industrial sectors, further boosting tax collections.
Looking ahead, URA faces an even bigger challenge. The government has set a new revenue target of Shs36.74 trillion for the 2025/26 financial year — a 17% increase from this year’s target.
“We’re confident that with enhanced tax administration, digital systems like EFRIS, improved border management, and continued taxpayer education, we will achieve — and possibly exceed — this new target as well,” Musinguzi said.
URA plans to further invest in technology, including artificial intelligence, data analytics, and advanced compliance monitoring, to sustain its upward revenue trend in the coming year.