Uganda: Mobile Money Tax Shores Up URA Collection and It Could Be Here to Stay

14 September 2018

Money Transfer

More than 45 days after the government of Uganda gave in to public pressure and introduced a Bill in parliament to remove the one per cent excise duty on receiving and sending mobile money while reducing the tax rate on withdrawing to 0.5 per cent, not much has come out of it.

According to parliament procedure, a Bill is supposed to take 45 days in the committee stage, then taken to the House for passing.

However, with the Bill on excise duty, the chairman of the Finance Committee Henry Musasizi says they are taking time to consult because of various divergent views. Read the full article on The East Africa here.