Ugandan Ministry of Finance, Planning and Economic Development publishes tax expenditure report for 2022/23

In August 2024 the Ministry of Finance, Planning and Economic Development (MoFPED) published its tax expenditure report for the fiscal year 2022/23. The report was collaboratively produced with the Uganda Revenue Authority (URA). This is the third publication of a tax expenditure report in Uganda.
 

This report estimates that total revenue foregone due to tax expenditures is 2,972bn Ugandan Shillings (UShs), equivalent to 1.62% of GDP or around 12.5% of total tax collected in 2022/23. The largest amount of revenue foregone continues to fall under the Value-Added-Tax (VAT) representing UShs. 992.2bn, or 0.54% of GDP. Foregone revenue from tax expenditures in Uganda have declined marginally compared to 2021/22, where it was estimated to stand at around 1.67% of GDP. 
 

TaxDev has supported the MoFPED and URA staff in the drafting of the report and the modelling and analysis that underpins it. A key focus of the collaboration lies in improving the transparency of tax expenditure reporting and monitoring whilst also working with the Ugandan authorities to embed the process of reporting on an annual basis.
 

The full report can be accessed at: Uganda's Tax Expenditure Report 2022/23.