Social media tax and mobile money tax to hit Ugandans

Social Media Tax - WhatsApp - Facebook - Mobile Apps

Uganda’s parliament approves new tax laws for Whatsapp, Facebook and Twitter A new social media tax will soon come into effect for Ugandans. The approved law will impose a tax every day a citizen uses WhatsApp, Facebook, Twitter or other social media services. Mobile money transactions will also be taxed. In addition to the social media tax, Ugandans will be taxed for all mobile money transactions. Citizens will be required to pay a 1% tax on all mobile money transactions. As for taxation on social media, the fee that will…

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Mobile payments in Uganda are boosting commerce

africa mobile technology

The number of people using their devices to transfer funds has experienced massive growth. According to the Bank of Uganda, the number of smartphone owners who are using the mobile payments and funds transfer system that it offers increased from 2.9 million people in 2011 to a whopping 8.9 million people last year. This has generated faster financial access than commercial banks in the country have achieve in a century. In fact, the number of people who used mobile payments last year is almost twice the number of people who…

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