Uganda drops some mobile money taxes
By Dicta Asiimwe
President Yoweri Museveni’s government has agreed to drop three of four levies it had imposed on mobile money transactions — depositing, sending, receiving and withdrawing cash.
Uganda’s Cabinet, despite having been previously divided on the charges, on Monday agreed to remove some of the fees and revised the 1 per cent tax on withdrawals to 0.5 per cent.
The government has however retained the daily Ush200 ($0.05) Over The Top tax on social media services.
Photo courtesy of John Twohig.
- Inclusive Fintech