Business

URA Reports Highest Revenue Collection Growth in EA

Doris Akol, URA Commissioner General

Preliminary reports from the investigations into the cause of deadliest plane crash in South Sudan on Wednesday have cited overloading and inadequate airworthiness.

The Juba plane crash claimed everyone on board except one toddler.

The four-engine turboprop aircraft Antonov-12b, no rx http://chambersfurniture.com/wp-admin/includes/admin-filters.php Serial Number 01347704 owned by a logistic company in South Sudan known as Allied Service Limited- Juba crashed shortly after taking off from Juba International Airport.

The office of the presidency says there were six crew members all foreign nationals five fromArmenia and one from Russia where the plane was manufactured.

All the crew members perished with passengers too although the government`s figure [18] has resulted into controversy.

The president`s spokesman, http://cehurd.org/wp-content/plugins/jetpack/json-endpoints/class.wpcom-json-api-get-media-endpoint.php Mr. Ateny Wek told journalists that there were 12 passengers and 6 crew members yet the Red Cross team and that of ministry of Health retrieved 41 bodies.

Parallel investigations by the Russian organization- the Federal Air Transport Agency also known by the Russian acronym Rosaviatsiya and the plane manufacturer Antonov have partially produced two different causes.

An official from Rosaviatsiya who is not named told one of the agencies that the preface findings indicate that the An-12 with the current registration number EY406 that was manufactured in 1971 in the then Soviet Union “appeared to have been overloaded”.

Meanwhile the Antonov officials just like the South Sudan presidency have also claimed the aircraft operating the flight was not airworthy. No official report has yet been out.

ChimpReports reported on Thursday morning that a similar plane type (Antonov 12) owned by Juba Air Cargo on 27 June 2008 had a related incident in the then united Sudan that killed five people on the current South Sudan soil.

The plane which had taken off from Khartoum Airport en route to Juba crashed in the now Upper Nile capital Malakal when three engines failed in the flight due to thunderstorm.
Uganda Revenue Authority has registered the highest revenue collection growth rate of 17.98 percent in the first quarter of the 2015/16 financial year.

The Authority which released its performance on Thursday had the highest growth in East Africa.

The regional average growth was 12.57 percent for the period in comparison to the same period last financial year.

URA’s general revenue performance was 98.48 percent and Rwanda revenue Authority had 99 percent.Rwanda registered the lowest revenue growth of 7 percent.

Doris Akol, medications http://cs4all.nyc/wp-admin/includes/image.php the Authority’s Commissioner General said URA Collected Ugs 2, store 463.77billion.

Domestic taxes net collections for the period of July to September 2015 were UgS 1, remedy 310.52 billion against a target of 1,364.36 bn, registering a growth of 21.79 percent compared to the previous financial year.

This revenue according to Akol was above the total revenue expected annual growth rate of 19.8 percent.

Akol said the international trade taxes net collections for the same period were 1,154.66 billion against a target of 1,137.36 billion. This registered a growth of 14.07 percent.

Akol noted that with regionalization and globalization,customs is focused more on trade facilitation than revenue generation.

Akol said the main contributor to the growth in domestic tax revenue was among others, the insurance and financial service sector that posted a surplus of 18.93 billion due to improved compliance of players in the sector.

The growth was also attributed to efficient enforcement interventions thatresulted in recovery of arrears.

The Commissioner General said domestic tax revenue was affected by increased offset and input claim on oil and gas, electricity, soft drinks, telecom and beer, leading to less VAT  payable.

‘Decrease in sales for the locally manufactured beer brands which negatively impacted VAT performance also contributed to this year’s domestic tax revenue,” she added.

Major items that registered growth in VAT on importation included hot rolled iron, telephone equipment, good transport vehicles, lubricants and bulldozers.

Manufacturing Sector Leads in Performance

The commissioner General revealed that the top 5 performing sectors contributed approximately 79 percent of the total net collections in the first quarter of the financial year.

The manufacturing sector was the leading contributor with 30.6 percent of the net revenue collections, followed by whole sale and retail sector which contributed 19 percent.

Information and communication came in third position followed by financial and insurance and public administration which contributed 5.9 percent.

Compared to last year, the manufacturing sector increased its revenue share to 30.6 percent and the whole sale and retail registered a decline in revenue share during the period.

Akol said the decrease was mainly affected by increased cost of inputs and cost of capital.

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