Uganda Revenue Authority (URA) has launched the Taxpayers Appreciation Month 2019, embarking on a series of activities to appreciate and reward compliant taxpayers.
URA will this year focus on small and medium enterprises (SMEs), who are largely seen as the backbone of the economy. Doris Akol, the commissioner general, said the theme for this year is Every Taxpayer Counts.
“Recent studies show that SMEs contribute over 25 per cent of Uganda’s total Gross Domestic Product (GDP) and employ about 45 per cent of the labour force,” she said at URA headquarters in Kampala.
She further observed that the total number of SMEs on URA’s register is 376,657 with the majority in the wholesale and retail trade sector.
“The importance of SMEs cannot be underestimated and supporting them boosts their growth, which would have a ripple effect on the entire country,” she said.
Akol added: “We pledge to offer specialized taxpayer education services, knowledge and skills for effective business management, creating effective networking…”
During the taxpayers’ month, URA senior management is going to visit taxpayers countrywide to thank them for their compliance over the years. The taxpayers will be recognized and hosted to luncheons.
“As part of our new focus of becoming a business enabler, URA will extend a free invitation to 1,000 most compliant SMEs to exhibit at Kololo Ceremonial grounds from September 25 – 27,” she said.
Statistics from URA indicate that the contribution of SMEs to the Domestic Taxes revenue target grew from Shs 7.57 trillion in 2016/17 to Shs 9.74 trillion in 2018/2019.