Uganda: mobile tax payment system

Mergers, Acquisitions and Financial Results

The Uganda Revenue Authority (URA) has teamed up with Orient Bank and Warid Telecom to come up with an efficient tax payment method where taxpayers can have the comfort of clearing their taxes through the mobile money platform.

Allen Kagina the Commissioner General at URA said the innovation’s strategy is aimed at cutting costs involved for small tax payers and the innovation is open to all banks and telecoms that can match up to the set standards. “We are targeting the smaller tax payers to help them cut cost. We won’t be required to move from the Banks to the different URA offices and vice versa.”

Moses Kajubi the Commissioner Domestic Taxes said that it would enable tax payers have the comfort of paying taxes through SMS and at their convenience. “We appreciate that you are busy attending to other businesses as well. So we want to make it easy and instant through the SMS.”

Sriram Yarlagadda , CEO at Warid Telecom said that the deal would bring about customer convenience for Ugandan’s.

Maxwell Ibeanous, Managing director at Orient Bank added, “The innovation would reduce on congestion at the banks and would help those far from banks to receive the same service as those in urban centers.”