Uganda’s finance minister says mobile money tax may be reviewed

Tuesday, June 5, 2018

Uganda’s finance minister told journalists on Monday that a new tax on mobile money transactions in the country that was approved by parliament last week, is different from what the cabinet agreed.

Last week, legislators passed the Excise Duty Amendment Bill, which introduced a one per cent tax and varying taxes on other electronic transactions such as airtime and social media networks like Twitter, Facebook and WhatsApp.

Matia Kasaija, who was not in the country when parliament passed the Excise Duty Amendment Bill 2018 on Thursday, explained that cabinet and the ruling party decision making body had agreed on a 0.5% levy, and not 1% which was passed by parliament.

Source: Africa News (link opens in a new window)

financial inclusion, fintech, mobile finance