The government targets a total revenue collection of Shs21.4 trillion to support the budget for 2020/21. Out of the targeted amount, Shs19.89t will come from direct taxes imposed by the Uganda Revenue Authority, Shs1.5 trillion from Non-Tax Revenues such as fines and bank charges while Shs83.1b will come from appropriation in aid (income that government departments are authorised to retain at source).
To achieve this ambitious revenue target, the government plans to increase taxes to a tune of Shs2.7 trillion. The government on Tuesday presented tax measures through which it will be able to raise some of the required taxes. From the projections seen by the Daily Monitor, the government intends to raise Shs1.8b from stamp duty; Shs 381.9 from Excise Duty and Shs67b from Value Added Tax.
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