President Museveni has ordered that all those people who paid a 1% Mobile Money tax for their transactions from July 1 be refunded; the president said this was an error. He passed the statement on his blog and directed a refund to compensate those whose mobile money tax deductions had been made on the basis of 1% be refunded.
In the statement, President Museveni said the figure of 1% came up as mistakes, “Parliament, when it reconvenes, will be requested to correct it. The ones whose deductions had been made on the basis of 1% should have their money reimbursed,” reads the statement in part.
Museveni added that mobile money tax cannot be revoked, since many people’ earnings are not known. In the statement, the president said, “apart from salary earners and those who use banks, the earnings of many other Ugandans are not known. Mobile Money transfers have brought to the surface the big volume of money that are moving around the country,”
“Each day US$ 52 million moves around in form of mobile money and this is about US$19billions a year. Much of this is by big people, but, of course, some of it is by, economics wise, small people.” the statement from president Museveni read.
The mobile money tax of 1% on all mobile money transactions and shs200 daily levy for social media users has caused an uproar amongst a big number of Ugandans, some of these Ugandan even demonstrated on Wednesday in protest against the new taxes imposed.
According to chimpreports, further added that, “should we deduct from the sender or also from receivers? Is it affordable? We should continue to study those questions. However, the necessity of using this for revenue generation is clear. The only question is; “by how much”? Let us discuss this in a disciplined manner,”
However, the speaker of parliament Rebecca Kadaga said that the parliament has no capacity to interfere with implementation of both the mobile money and social media tax.
Flash Uganda media will keep you updated.
By Peter Semusu.