Members of the Uganda Economic Forum have urged the Uganda Revenue Authority (URA) to double its efforts through stakeholder engagements to to educate the business community and the general population about the benefits of paying taxes.<\/p>\n\n\n\n
The executive director at Seatini Uganda, Jane Nalunga said that tax is not about revenues only but it is a tool to help Ugandans grow their economy.<\/p>\n\n\n\n
On the issue of widening the tax base, Nalunga said there is a need to increase the administrative efficiency of URA, calling for more investment in URA so that it can do its work very well.<\/p>\n\n\n\n
She said as a country, we need to cast its net broader when discussing issues of growing the economy and ensuring that it has a taxable income, adding that the issues of taxation and private and public investment are all tools to take the country to another level.<\/p>\n\n\n\n
\u201cTo grow our economy, create jobs and reduce poverty, the way they [tools] are designed will be very critical. The issue of production is important. We don\u2019t tax a vacuum. We tax a vibrant economy. You reap where you sow. Our economy is mainly informal,\u201d she said.<\/p>\n\n\n\n
Gerald Namoma, senior economist\/tax policy at the Ministry of Finance, Planning and Economic Development, said a lot of what they do includes not just increasing taxes but addressing some of the concerns raised by their stakeholders.<\/p>\n\n\n\n
Amidst a number of challenges, he said they are on course to improving the country\u2019s revenue efforts.<\/p>\n\n\n\n
Julius Mukunda, the chief executive officer at Civil Society Budget Advocacy Group(CSBAG) proposed that in order to expand the country\u2019s tax base, more concentration should be put on those who aren\u2019t on the registry to bring them on board.<\/p>\n\n\n\n
\u201cCorruption is one of the reasons why people don\u2019t want to pay taxes. In Japan, when you steal government money, you kill yourself. In China, they kill you. In Uganda, what do we do?\u201d he queried.<\/p>\n\n\n\n
The acting manager tax education in the commissioner general\u2019s department at URA, Michael Masembe said they have instances were taxpayers registered but are inactive. \u201cWe recently implemented the financial literacy Program, and within one session, we helped a number of people to understand licensing requirements,\u201d he said.<\/p>\n\n\n\n
Dr. Francis Mwesigye, the Director Economic Research and Knowledge Management at Uganda Development Bank said their core mandate is to promote social-economic transformation.<\/p>\n\n\n\n
\u201cI call upon Ugandans to come to UDB and seek this funding. We have talked about private capital, private investment and its role in transforming this country,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"
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