By Dismas Nuwaine
At the 2024 Consumers Choice Award Gala Dinner, the Uganda Revenue Authority (URA) Commissioner and CEO Abel Kagumire unveiled transformative reforms to enhance taxpayer services, ease compliance and create a more investment-friendly environment.
Kagumire highlighted the government’s investments in technologies like EFRIS, Digital Tracking Solution and Bonded Warehouse Information Management System designed to streamline tax processes and improve taxpayer experience.
He implored manufacturers to embrace these innovations, citing benefits such as enhanced taxpayer experience and increased revenue collection.
Kagumire emphasized the need to improve compliance and boost Uganda’s tax-to-GDP ratio, currently at 13.9%, below the sub-saharan average.
Mukisa Robert, the Uganda Investment Authority Director revealed that Uganda is among the most profitable countries in Africa to invest in, with a potential 14% profit return.
The Senior Presidential Advisor on Trade, Amelia Kyambadde challenged investors to improve storage infrastructure, particularly cold storage for perishable goods to enhance the agricultural sector.
Kagumire encouraged taxpayers to take advantage of URA’s extended interest and penalty waiver until December 31 st 2024 to settle principal tax amounts, facilitating tax compliance.
Meanwhile, the event celebrated outstanding commitment to quality, innovation, and customer satisfaction with a focus on creating a thriving and competitive economic landscape.
