Shs 7 billion collected from controversial taxes

By Ritah Kemigisa.

Government has revealed that it has so far collected shs 7 billion from the controversial taxes on mobile money transactions and social media.

The amount has been collected in less than a two weeks ever since the taxes were effected on 1st July 2018.

According to the finance minister for planning David Bahati, the 1% on mobile money transactions has seen shs 5 billion collected while shs 2 billion has been collected from the shs 200 daily paid by users to access social media platforms.

Concerning the president’s directive to refund all those who paid the 1% percent mobile money tax, Bahati says the attorney general is reviewing the possibility of only refunding the charge on deposits.

Government is expecting to collect shs 284 billion from the over 10 M over the tax users on social media and shs 118 billion from the new 0.5% withdraw charge on mobile money.