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    Uganda government limits Mobile money taxes to fund withdrawal

    Uganda’s Ministry of Finance has revised the controversial mobile money taxes, adopting the reduction of the levy from 1% to 0.5%, adding that it will only be levied on withdrawals only and not sending, receiving and depositing money as earlier passed by the country’s parliament.

    The decision was taken following a cabinet meeting held on Monday, and the Information and ICT Minister; Frank Tumwebaze told journalists that government had responded to calls from the public to make the tax fair.

    This means transacting digitally with mobile money in Uganda e.g to pay utility bills, school fees or as e-wallet to pay for any other service requires NO tax.

    “Cabinet approved the amendment of the Excise Duty Act …reducing the tax payable on mobile money tax from 1% to 0.5% on withdrawals only,” said the Minister while addressing the media at the Uganda Media centre.

    The parliament last month passed the Excise Duty (Amendment) Bill 2018 that introduced a levy of 200 shillings ($0.05) per day for access to a range of online services. Some platforms affected by the tax include Facebook, Twitter, WhatsApp, Google Hangouts, YouTube, Skype, Yahoo Messenger.

    Photo credit: Africanews

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