• Latest
Activists Want 0.5% Tax Scrapped as Mobile Money Dealers Report 40% Drop in Transactions

Activists Want 0.5% Tax Scrapped as Mobile Money Dealers Report 40% Drop in Transactions

7 years ago
Criminals Will Never be a Problem Again in Karamoja – Museveni

Criminals Will Never be a Problem Again in Karamoja – Museveni

13 hours ago
Jumia Kicks Off Black Friday 2025 to Celebrate E-Commerce Adoption in Uganda

Jumia Kicks Off Black Friday 2025 to Celebrate E-Commerce Adoption in Uganda

14 hours ago
Museveni Reassures Karamojong Herders on Grazing in Pian Upe Game Reserve

Museveni Reassures Karamojong Herders on Grazing in Pian Upe Game Reserve

14 hours ago
Museveni Urges Nabilatuk Residents to Vote Overwhelmingly for NRM in 2026

Museveni Urges Nabilatuk Residents to Vote Overwhelmingly for NRM in 2026

14 hours ago
Uganda, UAE Ink Key Deals for Smart Cities, Green Energy & Infrastructure

Uganda, UAE Ink Key Deals for Smart Cities, Green Energy & Infrastructure

14 hours ago
Equity Bank, Water.org Partner to Expand Access to Clean Water and Sanitation

Equity Bank, Water.org Partner to Expand Access to Clean Water and Sanitation

15 hours ago
SoftPower News
Friday, October 31, 2025
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women
No Result
View All Result
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women
No Result
View All Result
SoftPower News
No Result
View All Result
Home News

Activists Want 0.5% Tax Scrapped as Mobile Money Dealers Report 40% Drop in Transactions

by Mivule Gyagenda
July 19, 2018
Activists Want 0.5% Tax Scrapped as Mobile Money Dealers Report 40% Drop in Transactions

Representatives of civil society and mobile money agents presented their concerns to the Leader of Opposition, Winnie Kiiza

5
VIEWS

Civil Society organizations in conjunction with Kampala Mobile Money Dealers have petitioned the leader of opposition over the proposed amendments in the Mobile Money tax from 1% to 0.5%.

Led by the Vice Chairperson, Civil Society Budget Advocacy Group (CSBAG), Elliot Orizaarwa and Mobile Money dealers’ spokesperson, Ben Kamyuka the group petitioned the Leader of Opposition in Parliament (LOP), Winnie Kiiza demanding that the tax be reduced to zero percent.

Related Stories

Uganda, UAE Ink Key Deals for Smart Cities, Green Energy & Infrastructure

Ggoobi Woos UAE Investors with Assured 14% ROI, 30% Return on Equity

Besigye Honoured with Akufo-Addo Africa Democracy Award

The Vice Chair CSBAG, Elliot Orizaarwa said the tax that has been reduced to 0.5% down from 1% should also be dealt away with as it is still a burden to both the tax payer and the agents in business.

Cabinet on Tuesday revealed that a decision has been reached to have the tax only Mobile money withdrawawals by 0.5% but maintained the Shs200 levy on Over-The-Top (OTT) services in order for one to access Social Media.

Elliot Orizaarwa revealed that since the introduction of the tax on Mobile Money, transactions have dropped by over 40% with an estimated Shs 2.5 billion loss.

She added that this hasn’t only pushed the youth out of business but it might lead to the increase in crime like robbery as people move with hard cash.

“We also decry the flat tax rate of Shs200 on OTT services which presupposes that all consumers have the same purchasing power; this is a regressive tax and therefore against the taxation principle of vertical equity,” Orizaarwa noted.

“In the two weeks that the 1% mobile money tax has been imposed and collected on all Mobile Money transactions, we have since learnt that the 1% tax value has yielded the anticipated negative effects on both mobile money agents and users across the country,” Orizaarwa said.

The spokesperson of Uganda mobile money agents, Ben Kamyuka said that the government will not only lose revenue but also over 2 million youth will lose their jobs to the implementation of this tax.

The Leader of Opposition (LOP), Winfred Kiiza pledged to present the people’s outcries on the floor of Parliament this afternoon although she raised fear that the NRM MPs “might fail to use their own senses as the matter is debated and decide to go with what was resolved yesterday in their caucus”.

The amendments within the Excise Duty Bill 2018 which introduced the contentious taxes, as proposed by Cabinet this week are expected to be presented to Parliament for first reading today.

Tags: Leader of Oppositionmobile money agentsMobile money taxParliamentUgandaWinnie Kiiza

Recent Stories

Criminals Will Never be a Problem Again in Karamoja – Museveni

Jumia Kicks Off Black Friday 2025 to Celebrate E-Commerce Adoption in Uganda

Museveni Reassures Karamojong Herders on Grazing in Pian Upe Game Reserve

Museveni Urges Nabilatuk Residents to Vote Overwhelmingly for NRM in 2026

Uganda, UAE Ink Key Deals for Smart Cities, Green Energy & Infrastructure

Equity Bank, Water.org Partner to Expand Access to Clean Water and Sanitation

SoftPower News Logo

SoftPower News is a subsidiary of SoftPower Communications LLC, a Ugandan digital media group. Keep posted of the latest from Uganda and East Africa.
Plot 4B Malcolm X, Kololo
P.O Box 1497, Kampala - Uganda
Tel: +256-392-001-701
Email: info@softpower.ug

This news site is licenced by Uganda Communications Commission (UCC)

ADVERTISEMENT
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
  • Regional
  • Defence & Security
  • Sport
  • Entertainment
  • More

© SoftPower News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

error: Content is protected
No Result
View All Result
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women

© SoftPower News

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?