TAX ADMINISTRATION: ACADEMIA AND CIVIL SOCIETY SCRUTINIZE TAX REGIME

Parliament last week passed the national budget for the financial year 2024/2025, approving a total expenditure of Shs. 72.136 trillion.
This comes in the wake of discontent by the business community who think the current tax regime is highly repressive and is going to make it harder for government to achieve its increased revenue targets
Government through URA intends to collect 32 trillion sourced from domestic revenue comprising of (tax and non-tax revenue), while other sources include budget support (grants and loans) of Shs1.3 trillion and domestic borrowing of Shs8.9 trillion.