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Amended mobile money tax effective today

David Kugonza by David Kugonza
November 16, 2018
in Business, National News, News
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Controversial tax imposed on mobile money & social media passed
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By Ssebuliba Samuel.

The long awaited reduction in mobile money tax charges takes effect today.

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Parliament on 2nd October 2018 revised the contentious Excise Duty Act and reduced the mobile money tax on all withdraw transactions from 1 to 0.5% but had since not been effected.

Speaking in parliament, the state minister for finance David Bahati said that the 0.5% tax as stipulated in the amendments act will take effect today after being gazetted.

President Museveni last week assented to the law.

David Kugonza

David Kugonza

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