Ura to write off 417 billion government debts

Uganda Revenue Authority-URA has said it will write off 417 billion shillings in tax arrears owed by government as bad debts.

This was revealed by the Commissioner General, Rose Akol, who was yesterday presenting URA’s budget estimates for the financial year 2018/2019 before the finance committee of parliament.

Akol said the money had accumulated over a long period of time.  Akol said that URA registered a 14.85 percent decline in government payments. She appealed to the Finance Ministry to have the figure of 400 billion shillings taken away from their revenue collection target, saying Government has failed to pay this money.

The Rubanda East County Legislator, Henry Musasizi, lashed out at the government for making unrealistic tax decisions like exemptions which have affected revenue collection. He said that some policies by the government made it hard for URA to generate enough revenue to support the country’s small budget.

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