MOBILE MONEY

Government to review social media and Mobile Money taxes

Government to review social media and Mobile Money taxes

By Ruth Sierra  A new amendment of the excise duty tax bill on taxes imposed on both social and mobile money is due next week in parliament following protests from the public as tear gas and live bullets  rocked Kampala. Journalists, artists, business men, students and other activists raided the streets of Kampala yesterday dressed in […]

President Museveni says Social Media Tax is necessary

President Museveni says Social Media Tax is necessary

By Prossie Namata President Museveni has said with the help  GDP ratio, the government has been able to identify individuals  that do not pay taxes. He added that the GDP ratio was only 4% in 1991 where it rose to 12% after informing URA and has stagnated there for a long time however it rose to […]

MPs push for mobile money regulation

MPs push for mobile money regulation

Three parliamentary committees are set to conduct a special session with bank of Uganda pushing for regulating the financial services telecommunication mobile money services. MPS concerns came from the bank of Uganda report that the telecommunication companies do not fully own the mobile money services. RELATED: Parliament takes over ownership of Chogm ground MPS noted that […]