Voice of kamwenge
The
impending tax on mobile money transactions is likely to disrupt the sector and
discourage the public from using the service, according to agents.
Launched
in 2009, mobile money services offered by telecom companies are now used by 19
million Ugandans across the country, to effect the movement of funds in their
day to day business and private transactions. They use the service to send and
receive money, make payments for utility bills, school fees and airtime, among
others.
But, effective July 1st, 2018, each of these transactions will be
subjected to a tax of 1 percent of the value of the transaction. Ninsiima
Olivia, a mobile money operator along Mawanda road in Kamwokya, a suburb of
Kampala, says that the new tax is a burden.
Ninsiima
said the government should have instead looked at reducing the existing taxes
to encourage more people to use the service. Her view is shared by another
mobile money agent, Alice Namusoke.
Alfred
Ochaki, a mobile Money agent in Mulago believes that the commission paid to him
as an agent is likely to dwindle.
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