{UAH} Uganda removes taxes on 'depositing and sending' mobile money

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Daniel Mumbere

8 hours ago

Uganda

Uganda's finance ministry 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 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.

Cabinet revises mobile money tax

Following a cabinet meeting held on Monday, the information and ICTminister, Frank Tumwebaze told journalists that government had responded to calls from the public to make the tax 'fair

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