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URA Collects Shs.27Billion in Social Media, Mobile Money Tax in July

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Uganda Revenue Authority was able to collect Shs. 4.7billion in social media tax also referred to as OTT tax; and another Shs 22.3billion from the mobile money tax in the last month of July alone.

URA started implementing the Shs 200 per day OTT excise duty as well as the 1% tax on mobile transactions on July 1st.

The taxes were introduced by the Finance Ministry amidst a large outcry from the general public.

Parliament is set to decide on whether or not to cut the Mobile Money tax by half, and maintain the social media tax as proposed by the Executive.

URA Commissioner General, Doris Akol while announcing the collections yesterday, thanked the policymakers for introducing these new taxes and expanding the tax base.

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