Uganda: Government Collects Shs7billion From Social Media Tax

20 July 2018

Money Transfer

Kampala — The government on Tuesday announced that they have so far collected Shs7billion from the newly-introduced tax on social media and mobile money transactions just a week into a new financial year.

The State Minister for Finance, Mr David Bahati told journalists at the Uganda Media Centre that although Cabinet approved a reduction of excise duty on mobile money from 1 percent to 0.5per cent, the decrease would not affect their earlier estimates of collecting Shs118 billion from the tax that has stirred public outrage. Read the full article on The Monitor here.