Ugandans to pay 1% tax on all mobile money transactions-Bahati

The state minister for planning, David Bahati has said that Ugandans will pay tax on all Mobile money transactions.

While addressing journalists today at the Uganda Media Centre, Bahati said that all transactions via mobile money will be taxes.

This means that while one is depositing or withdrawing money, a 1% charge fee will be taxed.

Bahati says that very many Ugandans use mobile money services and so by taxing it, the country will be able to generate income for its development.

This comes after the President of Uganda, Yoweri Kaguta Museveni asked that all simcards used for social media should be taxes 100 shillings everyday.

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