Tanzania: Govt Imposes New Excise Duty On M-Pesa
Dar es Salaam — Mobile operators will now pay excise duty on all M-Pesa commissions, the government has announced.
Unveiling his 2016/2017 national budget, Finance and Planning minister, Dr Philip Mpango, said a new 10 per cent excise duty on mobile money transactions will apply for both sending and receiving transactions.
Only commission on money senders is currently taxed. The main component of fees received by mobile phone service providers in the money-transfer-related services is currently outside the tax net.
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Source: The Citizen 9 June 2016