Taxes should be scrapped

Taxes should be scrapped

The private sector foundation of Uganda appeals to the parliamentary Finance committee to recommend that the Mobile money tax be completely scrapped off due to the negative impacts it's having on the economy.

Starting July 1, 2018 government introduced a 1% tax on all mobile money transactions and Shs 200/daily levy on social media usage.

 Following public outcry and pressure, government has since tabled an amendment bill, Excise Duty Amendment Bill No. 2, 2018 to have the mobile money tax reduced to 0.5% and only limited to withdrawals.

Appearing before the committee chaired by Rubanda East Mp Henry Musasizi that is currently scrutinising the Excise Duty Amendment Bill, officials from the Private Sector Foundation of Uganda led by the  Executive Director Gideon Badagawa say mobile money tax has had massive negative effects on the economy.