tax

Parliament slices mobile money tax to 0.5%

By Moses Kidandi
State minister for finance David Bahati has clarified that the 0.5 % TAX on mobile money will apply to only those that will be receiving money from senders.
Bahati was explaining some of the cabinet decisions following a public out cry protesting the 1 percent tax that  was initially passed on all mobile money transactions in the National Budget for the financial year 2018/2019.
ICT minister Frank Tumwebaze  has urged the public not to panic parliament is this afternoon also expected to pronounce its self on the same matter that has already been concluded by the cabinet.
The legislators are  also expected to deliberate on the two hundred shilling OTT Tax that has been levied on social media.
Last week opposition MPS  and activists led by  Hon Robert Kyagulanyi  of Kyadondo East  were involved in a stand off that with Police as they protested the social media tax.

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