Friday
July 13
2018

Uganda President Museveni orders refund of mobile money ‘error’ tax

President Yoweri Museveni has said Ugandans who paid 1% percent mobile money tax should be refunded.

In a statement issued on Facebook, Museveni insists that the 1 per cent tax which he ordered to be reduced to 0.5 percent last week was passed in error and he signed the bill knowing it had an error.

The mobile money tax and social media tax which triggered massive outcry were effected at the start of 2018/19 financial year.

“I signed the law with the error because we could not delay the other measures. However, parliament, when it reconvenes, will be requested to correct it. The ones whose deductions had been made on the basis of 1% should have their money reimbursed,” said Museveni.

Source: The Observer (link opens in a new window)

Tags
fintech, mobile money, regulations, taxes