Buganda speaks out on mobile money tax

Buganda speaks out on mobile money tax

The Buganda’s Premier Charles peter Mayiga has asked government to completely scrap taxes on all mobile money transactions.

This comes at the time when mobile money dealers have threatened to close their business starting tomorrow if governments do not remove the 0.5% tax on mobile money transaction.

Speaking to great Lukiiko yesterday, Mayiga said that abnormal to tax mobile money service as well as transactions as government insists.

He said that government must stick on taxing mobile money dealers, but not money being sent because this is likely to negatively impact on financial inclusion.