Museveni Orders Mobile Money Tax Refund
Museveni Previously Slashed Mobile Money Tax to 0.5 Per Cent
President Yoweri Museveni has directed telecom companies and tax collector Uganda Revenue Authority (URA) to refund the extra money erroneously deducted from Ugandans as mobile money tax.
When mobile money tax took effect on July 1, Ugandans started paying a one per cent tax on all mobile money transactions.
Museveni would later remove the tax on deposits and reduce the levy on other transactions from one per cent to 0.5 per cent.
Ugandans have been wondering whether the money that had been deducted before the revision will be reimbursed or not.
In a long statement on Thursday, Museveni said the money will be refunded as soon parliament amends the the Excise Duty (Amendment) Law 2018
“Parliament, when it reconvenes, will be requested to correct it,” wrote Museveni.
“The ones whose deductions had been made on the basis of 1% should have their money reimbursed.”